October14 , 2026

    India should double customs duty on steel to check imports, says CEO of ArcelorMittal’s India JV

    Related

    India Launches Two Credit Risk Insurance Schemes to Boost Shipbuilding

    The two policies were announced by Union Minister Sarbananda...

    VOC Port Records 147.79% Growth in Iron and Steel Cargo Handling

    V.O. Chidambaranar Port Authority (VOC Port) has recorded a...

    India’s Ports Must Go Digital and Publish Tariffs Online by March 2027

    India is accelerating efforts to standardise port operations and...

    Shipping Costs Surge for Russian Oil Deliveries to India

    The cost of transporting Russian crude oil to India...

    Share

    India should double the customs duty on steel to check imports as the country faces dumping of steel and predatory pricing, ArcelorMittal Nippon Steel India’s CEO Dilip Oommen said on Tuesday.

    India’s finished steel imports from China hit a seven-year high during the first five months of the 2024/25 financial year.

    “The basic customs duty should be doubled to 15% from 7.5% currently,” Oommen said at the FT Live Energy Transition Summit India.