💨 Abstract

The European Union plans to tighten steel import quotas from April, aiming to protect its struggling steel sector. However, India, the world's second-biggest crude steel producer, is confident that its strong domestic steel demand will offset any impact. The Indian government source also mentioned minimal U.S. tariff impact on Indian steel exports and less concern about diverted steel flows due to small Chinese exports to the U.S., stating that China remains the biggest concern.

Courtesy: theprint.in

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