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India outlines plan to protect domestic steel sector amid US tariff hike

( March 13, 2025, 06:37 GMT | Official Statement) -- MLex Summary: In response to the announcement by the US of a 25 percent tariff on steel and aluminum imports from most favored nations, effective yesterday, India has outlined a multi-pronged strategy to protect its domestic steel industry and maintain fair-trade practices. The Indian government is actively engaging with the US to foster mutually beneficial trade relations while simultaneously bolstering its own steel sector, according to a statement issued by the Ministry of Steel. Bhupathiraju Srinivasa Varma, the Minister of State for Steel and Heavy Industries, outlined various support measures put in place to strengthen the domestic steel industry, in a written response to the Lower House of Parliament on Mar. 11.The statement from the Indian government's Ministry of Steel follows:...

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