India's Steel-y Resolve: 12% Import Tariff Hits Global Markets
Key Points
- India imposes a 12% temporary tariff on steel imports, targe...
Looking to put some steel in its economic backbone, India just dropped a bombshell on the global metals market that's about as subtle as a sledgehammer hitting a gong.
Not Made in China (Or Korea... Or Japan...)
The South Asian powerhouse has slapped a hefty 12% temporary tariff on steel imports, primarily targeting shipments from China, South Korea, and Japan. This comes after India found itself awkwardly sitting on 9.5 million metric tons of imported steel in 2024/25 - for the second year running. Talk about a metal overload!
Small Mills, Big Problems
Following a December 2024 investig...
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