US metal tariffs may hit Indian steel firms, but Hindalco-backed Novelis could be a key beneficiary

While India is not a major exporter of primary steel or aluminium to the US, analysts said that local manufacturers could feel the pinch if excess steel capacity in China and South Korea is directed towards India.

Feb 10, 2025 - 07:30
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US metal tariffs may hit Indian steel firms, but Hindalco-backed Novelis could be a key beneficiary
While India is not a major exporter of primary steel or aluminium to the US, analysts said that local manufacturers could feel the pinch if excess steel capacity in China and South Korea is directed towards India.

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