India needs to impose tariffs on steel imports, SAIL's chairman says (updated)

Steel Authority of India

09/10/2024 12:27

(Adds background in paragraphs 2, 3)
       NEW DELHI, Oct 9 (Reuters) - India needs to impose
tariffs on steel imports for an even playing field for the
domestic industry, Steel Authority of India's  SAIL.NS  Chairman
Amarendu Prakash told Reuters on the sidelines of the FT Live
Energy Transition Summit India on Wednesday.
    India's finished steel imports from China hit a seven-year
high during the first five months of fiscal 2025, according to 
provisional government data last month.
    On Tuesday, ArcelorMittal Nippon Steel India's CEO Dilip
Oommen said India should double the customs duty on steel to
keep imports in check as the country faces dumping of steel and
predatory pricing.

 (Reporting by Neha Arora, writing by Varun Hebbalalu; Editing
by Sonia Cheema)
 ((varunvyas.hebbalalu@thomsonreuters.com;))