Impact of US and Indian Tariffs on the Indian Steel Market

This research paper analyzes the economic and industrial effects of tariff measures imposed by the United States and India on the Indian steel market between 2015 and 2024. The study focuses on the U.S. Section 232 tariffs introduced in 2018 and India’s own safeguard and anti-dumping duties on steel imports. It examines production trends, export-import patterns, and price fluctuations using secondary data. The results show that U.S. tariffs reduced India’s global export competitiveness, while India’s domestic tariffs provided temporary protection for its producers but increased costs for downstream industries. The study concludes that tariff policies can only offer short-term stability. To achieve sustainable growth, India’s steel industry must prioritize technology innovation, green steel production, and policy reforms that promote both competitiveness and environmental responsibility.