Minister pushes for increased tariffs on Chinese steel imports
Steel

Minister pushes for increased tariffs on Chinese steel imports

The Minister of Heavy Industries has advocated for a substantial increase in tariffs on steel imported from China. This proposal aims to protect the domestic steel industry from the impacts of cheaper foreign steel flooding the market.

The Minister highlighted that the influx of low-cost Chinese steel has been detrimental to local manufacturers, causing disruptions in the market and undermining domestic production. By raising tariffs, the government intends to level the playing field and bolster the competitiveness of Indian steel producers.

The push for higher tariffs is also part of a broader strategy to enhance the growth and sustainability of the Indian steel sector. The Minister emphasized that such measures are essential to ensure the long-term health and viability of the industry, which is a crucial component of the country's infrastructure and economic development.

Industry experts and stakeholders have shown support for the proposal, citing that increased tariffs could encourage investment in domestic steel production and reduce dependency on imports. However, there are concerns about potential retaliatory measures from China and the impact on trade relations between the two countries.

As the government considers the proposal, it is expected that consultations with industry players and trade partners will shape the final decision on tariff adjustments. The outcome will be closely watched by both domestic and international markets.

The Minister of Heavy Industries has advocated for a substantial increase in tariffs on steel imported from China. This proposal aims to protect the domestic steel industry from the impacts of cheaper foreign steel flooding the market. The Minister highlighted that the influx of low-cost Chinese steel has been detrimental to local manufacturers, causing disruptions in the market and undermining domestic production. By raising tariffs, the government intends to level the playing field and bolster the competitiveness of Indian steel producers. The push for higher tariffs is also part of a broader strategy to enhance the growth and sustainability of the Indian steel sector. The Minister emphasized that such measures are essential to ensure the long-term health and viability of the industry, which is a crucial component of the country's infrastructure and economic development. Industry experts and stakeholders have shown support for the proposal, citing that increased tariffs could encourage investment in domestic steel production and reduce dependency on imports. However, there are concerns about potential retaliatory measures from China and the impact on trade relations between the two countries. As the government considers the proposal, it is expected that consultations with industry players and trade partners will shape the final decision on tariff adjustments. The outcome will be closely watched by both domestic and international markets.

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Next Story
Infrastructure Transport

Metro Line 8 DPR Nears Completion; CIDCO to Float Rs 200 Bn Tenders

The City and Industrial Development Corporation (CIDCO) is nearing completion of the Detailed Project Report (DPR) for Metro Line 8, commonly known as the Gold Line. This strategic 34.9-kilometre corridor is set to link Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) with the upcoming Navi Mumbai International Airport (NMIA). Estimated to cost around Rs 200 billion, the project is being developed under the Public-Private Partnership (PPP) model. Once completed, Metro Line 8 will become Mumbai's second such corridor after Metro Line 1. CIDCO plans to float tenders once ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?