India has cited the trade war with the United States as a threat to the Indian market

India's steel ministry is seeking an immediate increase in import duties on finished steel products from 7.5 per cent to 12.5 per cent to 15 per cent, citing imports from China and the threat of global overcapacity, according to an internal report."The trade war between China and the us is threatening the Indian market and China is now looking for alternative markets for its steel exports," the ministry said.

The ministry said domestic mills needed to be "protected from cheap imports of unfair trade" as well as lower input costs."The top tariff rate [on all steel products] could be raised to 25 per cent in response to any contingencies arising from potentially adverse global market turmoil."

Existing anti-dumping and countervailing duties have lapsed due to fluctuating steel prices, the ministry said.

India's steel ministry said it could raise government revenue by 13.66 billion rupees (s $266 million) if import duties were increased, though the finance ministry has the final say.

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