7,913.76 TL BIST 100 BIST 100
28.97 $ USD USD
€31.19 EUR EUR
38.44 TL Interest Interest
75.84 $ Fossil Oil Fossil Oil
23.00 $ Silver Silver
3.83 $ Copper Copper
136.32 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,866.25 TL Gold (gr) Gold (gr)

Jindal calls for tariffs to address steel industry challenges

Indian steel tycoon Sajjan Jindal advocates tariffs to counter global steel challenges.

Jindal calls for tariffs to address steel industry challenges

Indian steel tycoon Sajjan Jindal is advocating for tariffs on steel imports to level the playing field, citing US tariffs and European carbon taxes as examples.

In an interview in New Delhi, Jindal discussed JSW Steel's acquisition plans and expressed concerns about unfair competition from Chinese state-supported steel. He highlighted China's dominant role in global steel production but noted limited export growth amid slowing domestic demand.

According to the World Steel Association, Due to factors such as the COVID-19 outbreak of global crude steel production which includes semi-finished products and alloys, declined to 1.89 billion tons in 2022, a 3.9 percent decrease from the previous year. Despite global steel production declining India is a standout, being the only major producer to increase production in 2022, reaching 125.3 million tons. This growth is significant as other major producers, including China, saw declines and Iran was the sole top-ten country to experience a rise in steel production.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ongoing deflation pressure in China: Producer and consumer prices decreased in November

Saturday, December 9, 2023

Türkiye's October iron ore imports decreased by 25%

Saturday, December 9, 2023

China recorded 3.9% annual growth in iron ore imports in November

Saturday, December 9, 2023

While Türkiye's ferro alloy imports increased in October, they decreased throughout the year

Saturday, December 9, 2023

Baowu Group and Huawei work together to develop the steel of the future

Saturday, December 9, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now