India's Steel-Cold Shoulder to Foreign Metal

If there's one thing India loves more than cricket and spicy food, it's putting up barriers - this time in the form of a hefty 12% tariff on imported steel. Who needs cheap foreign metal when you can pay more for the homegrown variety, right?

Steel-ing The Show

The numbers tell a rather uncomfortable story: India's been importing steel like it's going out of style, hitting a whopping 9.5 million metric tons in 2024/25. That's enough steel to build approximately 1,000 Eiffel Towers, though we're pretty sure that wasn't the plan. A massive 78% of these imports have been flooding in from Chi...