New steel tariffs mixed bag for Indian companies making in US

The US government is doubling tariffs on steel and aluminium imports. This move creates uncertainty, but offers mixed results for Indian firms with US operations. JSW Steel's US units are improving, expecting positive contributions. Hindalco's Novelis anticipates a 'neutral to positive' impact, pending trade deals. Analysts believe the overall impact may be limited, as safeguard duties could offset the effects.