New Delhi, Feb. 14 -- US President Donald Trump's decision to impose a flat 25% tariff on all steel and aluminium imports (likely effective 12 March) has raised fears of a global backlash and trade war. While the tariffs aren't directly targeted at India, they could still pose challenges. India, among the primary producers of these metals, faces the risk of increased dumping as other nations could divert their exports due to the tariffs.

The country is also among the key suppliers of the two metals to the US. A potential shift in market share dynamics is likely due to the move.

India is among the top producers of both metals globally, though China dominates the market by a huge margin. India produced 4,200 tonnes of aluminium in 2024, a...