Affected by the Trump trade war, India plans to curb steel imports

According to foreign media, official documents from India on August 17 show that in order to circumvent the high steel and aluminum tariffs imposed by the Trump administration earlier this year, Japan and South Korea have re-adjusted their steel export channels, and India has become the steel exporter of the two countries. The main destination. In the first quarter of April 2018 (April-June), the volume of steel imported from South Korea and Japan increased by 31% and 30% respectively. From April to June, India became a net importer of steel, with a total import of 2.1 million tons of steel, up 15% year-on-year.

Indian Minister Chaudhary Birender Sing said: "In view of the huge steel imports, the Indian government of New Delhi is considering measures to curb steel imports. We have always had this concern, and we will not hesitate if we need to take measures."

A government official in New Delhi, who asked not to be named, said India is considering trade protection measures. According to the rules of the World Trade Organization, member states can adopt temporary trade restrictions to protect their industries.

At present, India is vigorously building infrastructure, and there is a strong demand for high-end railway steel and structural structural steel. Although the domestic steel supply cannot meet domestic demand, the government will still adopt measures to curb imports in the case of a surge in imports.

Source: China Steel Price Network

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