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Minimal impact of US steel duties: Official
Financial Express Mumbai
|March 13, 2025
THE ANNOUNCEMENT BY US President Donald Trump of 25% import duty on steel and aluminium products took effect on Wednesday but the Indian steel secretary said that the industry sees minimal impact of the move on shipments of the alloy to the US.
India exports less than 100,000 tonne steel to the US and the volume is miniscule to have an impact, secretary Sandeep Poundrik told reporters on the sidelines of an event.
While iron and steel exports to the US stood at just $399 million in April-December, the exports of products of iron and steel were $2.2 billion. The exports of aluminium to the US were $599 million in April-December.
Dit verhaal komt uit de March 13, 2025-editie van Financial Express Mumbai.
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