Steel, aluminium stocks in focus as US doubles tariffs to 50% on imports
Shares of Indian steel and aluminium companies are expected to be in focus on Monday after the US President Donald Trump will double existing tariffs from 25% to 50% on steel and aluminium products imported into the United States, with effect from June 4, 2025.
The tariff escalation is expected to pressure major Indian metal companies such as
Tata Steel
,
JSW Steel
,
Hindalco Industries
, and
NALCO
, all of which have substantial exposure to the US market.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
New Container Houses Indonesia (Prices May Surprise You)
Container House | Search ads
Search Now
Undo
The development has significant implications for India's export-oriented metal sector. As per government data, India exported USD 4.56 billion worth of iron, steel, and aluminium products to the US in FY2025.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
The revised tariff structure is expected to directly impact this segment by making Indian products more expensive and less competitive in the U.S. market.
Also read:
Vodafone Idea shares in focus after reporting Rs 7,166 cr Q4 loss
Live Events
Of the total USD 4.56 billion in exports, USD 587.5 million came from iron and steel, USD 3.1 billion from articles of iron or steel, and USD 860 million from aluminium and its related products. These products, now subject to sharply increased tariffs, face the risk of reduced demand in one of India's key export destinations.
The tariff hike was formally announced on May 30, 2025, under Section 232 of the U.S. Trade Expansion Act of 1962, which allows the American President to impose trade restrictions if imports are deemed a threat to national security.
The move revives the trade policy provision first used by Trump in 2018 to impose a 25% tariff on steel and 10% on aluminium, which were then increased to 25% across both categories earlier in February 2025.
As a result of the latest tariff action, US steel prices are expected to surge beyond USD 1,180 per tonne, driving up input costs for several downstream industries, including automotive, construction, and manufacturing. India has already raised a notice at the World Trade Organization (WTO) in response to the decision and may consider further action.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
34 minutes ago
- India.com
Meet Kishin RK, Indian CEO who bought his first home at age 12, started business at 18, now is Singapore's youngest billionaire, his net worth is Rs…, business is…
At just 42 years old, Kishin RK has become Singapore's youngest billionaire in 2025. He is the CEO of RB Capital Group, a major real estate company. Though he is the only son of well-known Indian-origin property tycoon Raj Kumar Hiranandani, Kishin's success is not just about family wealth. His story is about taking bold steps and building his own path in the real estate world. A very early start in real estate Kishin's journey in property began when he was just 12 years old. With his father's help, he bought his first property. By the time he turned 18, he sold an apartment his parents had gifted him and used the money to start RB Capital in 2006. That was the moment he began his own business journey. Today, RB Capital owns some of the most valuable hotels, offices, and shopping centres in top Asian cities. Real estate was always his true passion Kishin once thought about working in finance or the food business, but real estate always drew him back. In an interview with Tatler Asia, he said that while other jobs sounded interesting, the idea of building something long-lasting in real estate was far more exciting. Family legacy to building his own real estate empire Though Kishin RK was born into a successful real estate family, he always aimed to build his own identity in the industry. His father's company Royal Holdings being a well-known name in Singapore and instead of simply continuing what his family had already done, Kishin wanted to do something different. When he founded RB Capital, his focus was not just on buying properties but it was about creating new. This fresh approach helped him stand out and gave RB Capital a unique place in the real estate world. Under Kishin's guidance, RB Capital has developed several impressive commercial and hotel properties, including popular places like the InterContinental Singapore Robertson Quay and Holiday Inn Singapore Little India. Key turning point Kishin officially joined the family business in 2003, but a major shift happened in 2011, when his father and uncle split their real estate assets. After that, Kishin and his father teamed up and built a powerful partnership. Together, they now manage a portfolio worth nearly USD 10 billion, making them one of the strongest real estate duos in Singapore. In 2024, they took their ambitions beyond Singapore by launching a family office in Abu Dhabi, called the RB Family Office. This new base helped them grow their investments across the Middle East. Kishin RK's net worth According to Forbes 2025, Kishin RK has become Singapore's youngest billionaire, with an estimated individual net worth of USD 1.6 billion. He is the only son and heir of Raj Kumar Hiranandani, a respected Indian-origin real estate tycoon. Forbes also reports that together, Kishin and his father Raj Kumar now hold a combined net worth of around USD 3.15 billion, making them one of the most influential real estate families in the region.
NDTV
37 minutes ago
- NDTV
UAE Launches New Digital System To Simplify Work Permits For Foreign Workers
In a significant initiative set to benefit thousands of Indian job seekers, the United Arab Emirates (UAE) has rolled out a new digital service aimed at making the recruitment process for foreign workers faster and more efficient. The initiative is part of the country's broader push towards digital transformation in public services. The Ministry of Human Resources and Emiratisation (MoHRE) announced that employers can now apply for work permits directly through its official website or mobile application. This new system replaces manual procedures with an updated, streamlined platform designed to improve accessibility and reduce processing time. According to a report by Gulf News, the digital platform will allow companies to select a bundled service package that includes the job offer, employment contract, and initial work permit approval. Employers can also receive real-time updates based on the availability of employment quotas and preferred notification types. For applications submitted through business service centres, digital signature verification will be required. However, this step will not apply to users submitting applications through the smart app. One of the key enhancements in the system is the use of artificial intelligence (AI) for document verification. Employers will need to provide key details such as salary, working hours, and job location, along with uploading relevant documents. In cases where applications are filed through business centres, applicants' identity details will be verified using ID card readers. Once all necessary information and documents are submitted, employers can review the application and proceed to the payment phase. The move is expected to make the process of hiring overseas talent - especially from countries like India - significantly smoother. Cities such as Dubai, Abu Dhabi, and Sharjah already host a large Indian workforce, and the latest reforms could open the doors for many more.
Fashion Value Chain
39 minutes ago
- Fashion Value Chain
Reimagining Indian Jewellery: The Rise of Small Brands
Arya Prameh, Fashion Management Scholar, National Institute of Fashion Technology, Ministry of Textiles, Govt of India, Daman Campus Small jewellery brands are playing a transformative role in the Indian market by embracing innovation, storytelling, and personalization. Unlike traditional jewellery houses, these emerging labels focus on creating pieces that reflect individuality and self-expression, tapping into the growing demand for unique, versatile, and meaningful designs. The rise of digital platforms, social media, and online retail has allowed these brands to reach wider audiences, particularly younger consumers who seek jewellery that resonates with their personal style and values. This shift is further amplified by the increasing popularity of trending jewellery types such as arm jewellery statement arm cuffs and bangles that have gone viral on social media alongside bold gold pieces, colorful gemstones, layered necklaces, and geometric designs. These trends reflect a blend of contemporary aesthetics with traditional Indian craftsmanship, appealing to fashion-forward buyers who want jewellery that is both striking and wearable. Source: Technavio A prime example of this movement is Quirksmith, founded by sisters Divya and Pragya Batra. With Divya's background as a NIFT gold medalist in jewellery design and Pragya's expertise in business, Quirksmith was launched in 2016 from a modest beginning at a Bangalore flea market. The brand quickly gained recognition for its poetic, conversation-starting silver jewellery that encourages wearers to 'wear your emotions.' Quirksmith's commitment to empowerment is evident in its workforce, where over sixty percent are women, and in its support for more than fifty artisans across India. Their designs blend traditional Indian elements with contemporary aesthetics, incorporating popular trends like statement arm jewellery, layered rings, and bold geometric shapes. By focusing on authenticity, craftsmanship, and community, Quirksmith has built a loyal following and set a benchmark for how small brands can thrive in a competitive landscape. The success of brands like Quirksmith signals a broader shift in the Indian jewellery sector. New entrants are accelerating market growth by offering fresh perspectives, innovative designs, and competitive pricing, compelling established players to adapt and innovate. As consumers increasingly seek jewellery that tells a story and aligns with their values, small brands are not only capturing market share but also redefining what jewellery means in India. They are turning accessories into powerful symbols of identity, empowerment, and creativity, ensuring that the future of Indian jewellery is as dynamic and diverse as the country itself. The rise of trending pieces such as arm jewellery, bold gold, colorful gemstones, and layered styles highlights how these brands are blending tradition with modern trends to meet evolving consumer tastes.
