Cheap steel imports push India’s steel industry into crisis
Time:Mon, 10 Nov 2025 09:12:30 +0800
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India’s steel industry is reeling from a surge in cheap steel imports, forcing about 150 mills to shut down and 50 to cut production, with prices hovering near five-year lows.
Small and medium-sized enterprises, which produce nearly half of India’s steel output, are facing severe financial strain, while major players like JSW Steel are also seeing reduced profits.
The government has tightened quality checks and may extend the 12% temporary safeguard tariff to counter low-cost imports.
India’s $100 billion plan to add 100 million tons of steel capacity now faces uncertainty, as persistently low prices could deter investment and slow the sector’s long-term expansion.
