India’s steel industry is facing renewed pressure from an influx of low-cost Chinese steel, with imported prices undercutting domestic rates by as much as 12%. This aggressive pricing has sparked alarm within the industry, threatening the profitability and sustainability of Indian steel

The Indian government has reaffirmed its commitment to safeguarding the domestic steel industry from unfair trade practices, particularly dumping by foreign competitors. Minister for Commerce and Industry H.D. Kumaraswamy emphasized that steps are being taken to ensure a level playing field for Indian steel producers while maintaining robust trade relations with Europe.