Indian steel market may see dumping due to US tariffs: JSPL chairman Jindal

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Indian steel market may see dumping due to US tariffs: JSPL chairman Jindal - Business Standard

Quick Summary:

With the tariffs announced by the US on steel and aluminium imports, countries sending shipments to America might dump products in India because of huge domestic demand, Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal said the Global Business Summit (GBS) here.

Domestic steel industry needs to be on guard as countries exporting to the US may divert shipments to India after the imposition of tariffs, an industry official said on Saturday.

"So, for that, Indian steel industry would have to be protected from unfair exports happening into India," he cautioned.