Metal Movers: India’s steel safeguard duties -implications and impact

The Indian government has announced new safeguards for its steel industry, raising significant interest and speculation. While the measures are still being finalized, they might bring substantial changes to the market.

Elif Eyuboglu, market reporter at Argus, spoke to Amruta Khandekar, steel reporter at Argus Media Mumbai, about what these new safeguards entail and their potential impact on the Indian steel market.

 

Key topics covered in the podcast:

What are the new measures, and when will they be finalized?

What's the latest on the safeguard duty proposal on steel imports?

How has the market reacted to these announcements?

What changes can we expect once these duties are imposed?

Why did local steel prices drop in 2024?

How has the outlook shifted on India exports due to Europe’s anti-dumping measures?