U.S. Import Tariff Hike On Steel, Aluminium — CareEdge's Impact Analysis On Indian Corporates

Amid a subdued global environment, growth in Indian steel demand is expected to continue at a CAGR of around 8% over the next two-three years, primarily driven by sustained momentum in end-user sectors such as infrastructure and construction..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CareEdge Report.India’s direct steel exports to the U.S. are relatively low, constituting around 4% of its total exports in CY24. As a result, the direct impact on the steel sector’s sales volume due to the imposition of tariffs by the US is not expected to be significant. However, there is likely to be an indirect effect on realisations if major steel exporters to the US divert some of their supplies to India. Global steel consumption is expected to decline for the second consecutive year in CY24, mainly due to a decline in consumption from major developed countries, including the USA, Japan and the European region.China, which accounts for nearly half of global steel production and demand, also experienced a continued decline in domestic consumption. However, the capacity utilisation rate of the Chinese steel industry remains above 80-85%. This, combined with declining domestic demand, has led to significant surplus production being exported, estimated at around 90-95 million tonnes during CY24, an increase from approximately 65 mnmt previously CY22.India continues to witness good demand for steel, growing at around 10-13% during the last three fiscal years (FY22 to FY24)..Click on the attachment to read the full report:.Equitas Small Finance Bank — Navigating Through Uncertainty, Motilal Oswal Retains 'Buy' On The Stock .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

U.S. Import Tariff Hike On Steel, Aluminium — CareEdge's Impact Analysis On Indian Corporates

The USA has imposed a 25% import tariff on steel and aluminium products worldwide to boost domestic production.

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