Japan-India steel dialogue highlights concerns over standards and safeguards

Japan Metal Daily: Japan's Ministry of Economy, Trade and Industry (METI) and the Ministry of Iron and Steel of India held a steel dialogue in New Delhi this week, focusing on concerns regarding India's compulsory standards system for steel products.

A key focus of discussion was the recent inclusion of steel plates in the list of products subject to compulsory standards. Japanese officials expressed concerns over delays in the certification process, hindering the smooth flow of Japanese steel products into the Indian market.

Furthermore, the Japanese delegation raised concerns about India's ongoing safeguard investigation into steel sheets. They emphasised that Japanese steel products are high-quality and often cater to specialised needs not currently met by domestic Indian production. They also highlighted that additional tariffs on Japanese steel imports would significantly impact Indian industries relying on these specialised products.

During the dialogue, both sides exchanged views on the European Union's (EU) Carbon Border Adjustment Measures (CBAM) and the ongoing issue of steel overcapacity in China.

The Japanese delegation, led by Deputy Minister Hideyuki Urata, and representatives of blast furnace manufacturers participated in the meeting. The dialogue aimed to foster better understanding and address concerns related to steel trade between the two countries.

Note: This article has been written in accordance with an article exchange agreement between Japan Metal Daily and BigMint.