Rising imports may pose a challenge for local steel akers: JSW Steel's chief executive officer Jayant Acharya

JSW Steel's CEO raises concerns about the impact of rising steel imports on domestic manufacturers in India. Despite strong local demand, the surge in imports, especially from countries with Free Trade Agreements, poses a threat to the investments made in expanding capacities. The company aims to increase production capacity significantly by 2030-31 but faces risks due to the current import trends. With profits already declining in the June quarter, the industry is looking for trade measures to mitigate the challenges. India's steel sector, the second largest globally, is at a critical juncture as it navigates through increased competition and trade dynamics.