SAIL Chairman Advocates Steel Import Tariffs
Steel

SAIL Chairman Advocates Steel Import Tariffs

The chairman of Steel Authority of India Limited (SAIL) has emphasized the need for India to impose tariffs on steel imports to protect domestic producers from rising competition. This recommendation comes amidst concerns about the adverse effects of cheap steel imports on local manufacturers, which have been struggling to compete with lower-priced foreign products. Implementing tariffs could help stabilize the domestic steel industry, promoting growth and ensuring that local manufacturers can thrive amid global competition.

The chairman argues that by levying tariffs, the government would not only safeguard the interests of domestic steel producers but also encourage investments in the sector, leading to increased production capacity and job creation. He believes that a robust domestic steel industry is crucial for India's overall economic growth, especially as the country aims to enhance its infrastructure and manufacturing capabilities.

Additionally, the proposed tariffs could help balance the trade deficit by reducing reliance on imported steel, fostering self-sufficiency in the long run. Industry stakeholders are keenly watching the government’s stance on this issue, as it has significant implications for the future of the steel sector in India. By addressing import competition, India can work towards a sustainable and competitive steel industry, ensuring that local businesses can contribute effectively to the nation's economic landscape.

As discussions continue, the focus remains on finding solutions that support both growth and sustainability within the steel industry, enabling it to meet domestic demands while fostering a resilient economy.

The chairman of Steel Authority of India Limited (SAIL) has emphasized the need for India to impose tariffs on steel imports to protect domestic producers from rising competition. This recommendation comes amidst concerns about the adverse effects of cheap steel imports on local manufacturers, which have been struggling to compete with lower-priced foreign products. Implementing tariffs could help stabilize the domestic steel industry, promoting growth and ensuring that local manufacturers can thrive amid global competition. The chairman argues that by levying tariffs, the government would not only safeguard the interests of domestic steel producers but also encourage investments in the sector, leading to increased production capacity and job creation. He believes that a robust domestic steel industry is crucial for India's overall economic growth, especially as the country aims to enhance its infrastructure and manufacturing capabilities. Additionally, the proposed tariffs could help balance the trade deficit by reducing reliance on imported steel, fostering self-sufficiency in the long run. Industry stakeholders are keenly watching the government’s stance on this issue, as it has significant implications for the future of the steel sector in India. By addressing import competition, India can work towards a sustainable and competitive steel industry, ensuring that local businesses can contribute effectively to the nation's economic landscape. As discussions continue, the focus remains on finding solutions that support both growth and sustainability within the steel industry, enabling it to meet domestic demands while fostering a resilient economy.

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?