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Indian Economic Updates : India Faces Surge in Low-Cost Steel Aluminium Imports Amid U.S. Tariff Shifts, Raising Dumping Concerns

India could face a surge in low-cost imports of steel, aluminium, and chemicals from Asian countries following U.S. President Donald Trump’s imposition of reciprocal tariffs. Although India’s direct exposure is limited—its steel exports to the U.S. are under 100,000 metric tonnes, valued at $487.73 million in 2024—experts warn of indirect impacts through global price shifts and trade diversion. As the U.S. becomes a less viable market for European exporters, countries like China, South Korea, and Japan may redirect surplus steel to India, heightening the risk of dumping. The domestic copper sector is expected to remain unaffected due to supply shortfalls. However, concerns are growing over chemical imports from China, which may increase as Chinese suppliers seek alternative markets amid U.S. trade restrictions. This redirection could adversely affect Indian manufacturers by pressuring prices and margins, ultimately impacting the revenue and profitability of local chemical producers.

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