India will monitor Chinese steel imports before deciding on further curbs, source says

India is closely watching steel imports, particularly from China, for another two months before deciding on further actions. Despite a three-year import tariff imposed in December, the nation remained a net steel importer in May, with finished steel imports exceeding the recent average. Concerns are rising among domestic steelmakers as Chinese exports to India hit a two-year high in April, suggesting existing tariffs may not be sufficient protection.