Steel demand in India is forecasted to increase by 8 to 9 percent in 2025, outpacing other nations. This surge in demand will be fueled by a higher adoption of steel in residential construction and infrastructure, as well as stronger demand from the engineering, packaging, and various other industries. However, experts are raising concerns about the domestic supply.
Last year, the seven largest steel producers in India saw only a modest 0.05 percent increase in output. In contrast, medium and small-scale producers saw a 4 percent rise in steel products and an 11.3 percent growth in rolled steel production.
If the proposed import tariffs on steel are enforced, steel prices in India are likely to rise in 2025. In December, reports indicated that India is preparing to implement temporary anti-dumping duties of up to 25 percent on steel imports to curb the flow of low-cost steel from China and provide support to domestic manufacturers.
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