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India's steel and aluminum exports, especially those of value-added and finished steel products and auto parts, could be disrupted by US President Donald Trump's recent announcement to double import tariffs on steel and aluminum from 25% to 50%, according to the Federation of Indian Export Organizations (FIEO). S.C. Ralhan, president of the FIEO, responded to the news by saying that India's steel exports will be significantly impacted by the proposed increase in US steel and aluminum import tariffs, particularly in semi-finished and finished categories like automotive steel parts, structural steel components, and stainless steel pipes.
"These products are part of India's growing engineering exports, and higher duties could erode our price competitiveness in the American market," he said. In the fiscal year 2024–2025, India shipped over $6.2 billion worth of steel and finished steel products to the United States, including a variety of designed and fabricated steel components, and $0.86 billion worth of aluminum and related products. Indian steel producers have been steadily growing their market share through superior manufacturing and affordable prices, and the US is one of their major destinations.
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The president of FIEO went on to say that although it makes sense that domestic policy issues in the US led to the decision, such drastic tariff increases convey a deterrent to international trade and manufacturing supply chains. "We urge the Government to take up the issue at the bilateral level to ensure that Indian exporters are not unfairly disadvantaged as 25 per cent additional duty on steel shipments will be a huge burden, which is difficult to be absorbed by the exporter or importer.
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