India's Steel Industry Battles Surge of Cheap Imports

It seems all the fears expressed by Indian steelmakers (and policymakers) are coming true. There just seems to be no stopping the flood of cheap steel imports into domestic markets, a problem that continues to cause great agony for Indian steel manufacturing leaders.  India became a net importer of steel in the first quarter of FY25 (April to June), with steel imports exceeding exports by approximately 0.6 million tons (MT). The export of finished steel from India consistently declined throughout the first three months of the fiscal year due…