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Tata Steel MD bats for safeguard duties on imported steel
TV Narendran, managing director of Tata Steel, has sought the implementation of safeguard duties on imported steel aimed at protecting India's steel sector from the cascading effects of tariff increases imposed by the US. "It is not that India is exporting a lot of steel to the US, but the steel which used to end up in the US will land somewhere else in the world, and that will impact India indirectly. When multiple countries are taking action to protect themselves, I think India should also look at some of these possibilities," Narendran said at an event on Tuesday.
Source: The Times of India
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