Dilip Oommen, CEO of ArcelorMittal Nippon Steel (AMNS) India, has urged the Indian government to double tariffs on steel imports to protect domestic producers from the rising influx of cheaper foreign steel, particularly from China.
He expressed concerns that these imports threaten local investments and could undermine the growth of India's steel industry. Oommen's call for action reflects a broader industry demand for stronger measures to ensure fair competition and safeguard the future of Indian steel manufacturing.
Citations:
[1] https://gmk.center/en/news/indian-steelmakers-call-for-measures-against-rising-steel-imports/
[2] https://indiancementreview.com/2024/08/16/chinese-steel-imports-threaten-local-investments/
[3] https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/rising-chinese-steel-imports-may-hit-local-investments-warns-amns-ceo-dilip-oommen/articleshow/112532444.cms
[4] https://www.graincentral.com/markets/turkiyes-wheat-import-ban-may-be-extended/
[5] https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Grain+and+Feed+Update_Ankara_Turkiye_TU2024-0032.pdf
[6] https://www.cepal.org/sites/default/files/events/files/presentacion_daniel_ibraev_y_kubat_umurzakov_-_kirguistan.pdf
[7] https://www.hellenicshippingnews.com/turkey-halts-wheat-imports-until-october-to-protect-producers/
[8] https://www.world-grain.com/articles/20270-turkeys-wheat-stocks-to-fall-sharply