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Started By
Message
India slaps 12% percent tariff on steel from China.
Posted on 4/21/25 at 5:24 pm
Posted on 4/21/25 at 5:24 pm
Guys that’s what Trump meant by no more dumping. 200 day steel tariff.
LINK
LINK
This post was edited on 4/21/25 at 5:25 pm
9
Posted on 4/21/25 at 5:26 pm to guy4lsu
That is a big win, a big win mind the.
Posted on 4/21/25 at 5:53 pm to guy4lsu
@bots
Posted on 4/21/25 at 5:56 pm to guy4lsu
quote:
India imposes temporary tariff on some steel to stem cheap imports from China
quote:
NEW DELHI, April 21 (Reuters) - India, the world's second-biggest producer of crude steel, on Monday imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.
A flood of Chinese steel in recent years has pushed some Indian mills to scale down operations and mull job cuts, and India is one of a number of countries to have contemplated action to stem imports to protect local industry.
The Ministry of Finance said in an official order that the duty would be effective for 200 days from Monday, "unless revoked, superseded or amended earlier".
The move is New Delhi's first big trade policy shift since U.S. President Donald Trump imposed a wide range of tariffs on countries in April, kicking off a bitter trade war with China.
Posted on 4/21/25 at 5:57 pm to LegendInMyMind
Chinese steel sucks
Posted on 4/21/25 at 5:58 pm to Blutarsky
Their stainless is hot garbage!
Posted on 4/21/25 at 6:01 pm to guy4lsu
If the US can get other countries to stand up to China.
Posted on 4/21/25 at 6:03 pm to Blutarsky
quote:
Chinese steel sucks
Here’s a recent example of that:
quote:
Investigative authorities in Thailand say they have arrested a Chinese national, who is an executive of a company in charge of constructing the high-rise building that collapsed in Bangkok during an earthquake in March. The building was under construction in the Thai capital, when the quake, centered in Myanmar, struck on March 28. Forty-seven people have been confirmed dead. More than 40 are still unaccounted for. The construction was a joint venture between a major Thai construction firm and a Chinese state-owned company's local subsidiary. The Department of Special Investigation of Thailand's Justice Ministry said on Saturday the man was arrested on suspicion of illegally using names of Thai nationals to run the Chinese firm. Investigators have also searched locations related to the company executive. They will investigate whether there was any illegal activity that led to the collapse. On April 11, investigators searched a Chinese manufacturer that supplied steel for the building because some products used in the construction did not meet strength standards.
NHK
Posted on 4/21/25 at 6:05 pm to guy4lsu
The way China is doubling down seems to show they are in FAFO phase. Interesting thing is that they are threatening other countries and it may blow up in their face.
This post was edited on 4/21/25 at 6:08 pm
Posted on 4/21/25 at 6:06 pm to goatmilker
quote:
Their stainless is hot garbage!
We got a few 5×10×3/16 sheets of 304 from China and the shite rusted on the shelf in the shop.
I cautioned them beforehand but sourcing is all about the savings. A few weeks later they contacted me and promised to switch to US or Japanese made SS from now on. About to order about $45K worth, so I guess we'll find out.
Posted on 4/21/25 at 6:07 pm to guy4lsu
quote:
India slaps 12% percent tariff on steel from China.
Geez, I wonder what could've possibly given them this idea?
Posted on 4/21/25 at 6:09 pm to TigerAxeOK
The marine grade is what I'm familiar with so I certainly believe your experience as well.
Posted on 4/21/25 at 6:09 pm to KCT
Pittsburgh?
Posted on 4/21/25 at 6:38 pm to goatmilker
quote:
The marine grade is what I'm familiar with so I certainly believe your experience as well.
We just fabricate and repair industrial processing equipment. I've used a bit of marine grade stuff and some 440 on a few builds that went at facilities closer to the ocean like Harlingen and Pensacola, but I'm otherwise unfamiliar with the higher grade stuff.
Posted on 4/21/25 at 9:53 pm to guy4lsu
Saw that from a video in a diff post. That's gonna leave a mark.
Posted on 4/21/25 at 10:02 pm to guy4lsu
Had no idea China was a major steel producer.
Posted on 4/21/25 at 10:54 pm to ShermanTxTiger
Had no idea China was a major steel producer.
They sure are. During the 45 Administration China trans-shipped via Canada to get around the tariffs and why Commerce is hell on wheels about country of origin now.
They sure are. During the 45 Administration China trans-shipped via Canada to get around the tariffs and why Commerce is hell on wheels about country of origin now.
Posted on 4/22/25 at 6:09 am to KCT
quote:
Geez, I wonder what could've possibly given them this idea?
It’s obvious. Their own steel industry was getting swamped by Chinese dumping. They would have faced enormous negative consequences had they not tariffed, including massive layoffs and economic slowdown.
Here are some facts to consider:
The world’s steel capacity is somewhat fixed in the short/medium term, and it’s fixed to roughly the world’s demand.
China consumes about 900 million tons of steel and produces about 1.02 billion, so an excess of 120 million tons. The rest of the world makes about 950 million tons. So about 15% of the world’s steel will be looking for a new market without considering that this slowdown will drive China’s steel usage down. I’ll guess that China’s steel demand will drop about 30%. It would be much more, except the CCP will probably try to ride this out by subsidizing demand.
If my guess is close to right then nearly a third of the world’s production will be looking for new ways to flow to world markets that can only consume half of it.
Trump wants to allow that Chinese steel to flow to the world’s markets, otherwise world GDP would be adversely affected by shortages. But he wants that steel to be the most expensive steel, and he wants most of that high cost to result in revenues for tariffing nations. If he can get other nations on board with that then he will truly make China suffer by selling at a loss and still having to curtail production.
All of the points above assume a fungible steel market, but in truth, there are many different types of steel and many resulting markets. The Chinese export mostly the more crude steels because their more sophisticated stuff is very low quality.
Posted on 4/22/25 at 6:33 am to guy4lsu
Good. China is asshoe.
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