India’s Steel Industry Faces Uncertainty with Trump’s 50% Tariff Proposal
India’s steel sector, a cornerstone of global manufacturing, has thrived on robust trade ties with the United States, exporting $488.28 million in iron and steel in 2024 to support industries like construction, automotive, and consumer goods. However, a proposed 50% tariff on imported steel, championed by former U.S. President Donald Trump as a means to bolster domestic production, threatens to reshape this dynamic. This blog delves into India’s steel exports, profiles key players, and assesses the potential fallout and strategic responses to this looming policy shift. India’s Steel Industry Faces Uncertainty with Trump’s 50% Tariff Proposal Key Indian Steel Exporters to the U.S. Jindal Stainless Limited U.S. Connection : Supplies precision-grade stainless steel to Procter & Gamble for Gillette razor blades. Export Volume : Approximately 4.28 million kg over three years. Strength : Offers prices 20–25% lower than European and Japanese competitors. Challenge : A 50% tar...