Moody’s warns that Indian steel producers will struggle with exports after the US announced a 25% tariff on steel and aluminum imports. This could worsen oversupply and hurt pricing. High steel imports into India have already pressured margins. If implemented, the move may trigger new trade disputes. Investors should watch steel stocks like Tata Steel and JSW Steel for potential impact on earnings and exports.
Indian Steel Stocks at Risk as US Plans 25% Tariff on Imports
The Tata Steel corporate building in Kolkata (Calcutta), West Bengal, India - as on 10 November 2005.