Summary:

Infrastructure and construction account for 65% of total steel consumption in India. Of this, 25 - 30% is utilised in government projects, showing significant investments in public infrastructure such as roads and bridges. According to analysts, the thriving real estate sector also drives steel expansion, while the emergence of electric vehicles and charging infrastructure adds new demand. To protect domestic producers from cheaper imports, mostly from China, the government implemented a 12% safeguard tariff in April 2025. The minimum import prices range from ₹58,398 to ₹83,378 per tonne. The action attempts to reduce dumping, promote fair competition, and help local producers. With increased local demand and global challenges, tariff protection is viewed as critical to the survival of India's steel sector.

Source: IBEF

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