The flood of cheap Chinese steel has severely impacted smaller Indian mills, forcing them to reduce operations and consider layoffs. MSMEs expect Budget 2025 to provide a solution to this problem.

“If the strategy is about the production of cheap steel, then it’s working, but at the cost of the rest of the steel sector and at the cost of the upstream generators of scrap metal.

He complained that U.S. steel companies face unfair trade practices overseas with foreign companies "dumping" cheap steel on the global market at artificially low prices. He said those actions ...