February 18, 2025 12:35 PM

US tariffs on steel sector unlikely to impact India materially: Crisil

The US tariffs on the steel sector are unlikely to impact India significantly, as only 2 percent of the country’s total finished steel exports in the first nine months of this fiscal year were to the US, according to Crisil Intelligence. The US has decided to impose a flat 25 percent tariff on steel imports from March 12, replacing the previous system of multiple lesser levies. This change is expected to have a three-fold impact. “Firstly, it will reduce the exports of its trade partners a...