India's steel secretary said on Wednesday that the industry does not see a major impact from tariffs imposed by U.S. President Donald Trump on steel imports as they do not export much steel to the country.

India and China are more diversified than other steel exporting nations. Only 55 percent of Indian exports were headed to the top 10 trading partners compared with the global average of 86.5 percent

The recently announced U.S. tariffs on steel imports mean that countries like China, which export to the U.S., will need to find new markets — and that could lead to steel dumping in places like India