The tariff is expected to slash steel exports to the US by 85 per cent, creating a massive surplus that will likely flood India which is one of the few major markets without trade restrictions, says industry body
As per a JSPL statement, the divestment is in line with the company's strategic objective to continuously reduce its debt, focus on its 'India Steel' business and significantly reduce its carbon footprint by almost half as part of its ESG objectives.
