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

India's steel secretary on Wednesday said the country has "more than adequate availability" of a key steelmaking ingredient, weeks after ArcelorMittal's India joint venture said it may have to curtail local steel production due to import restrictions.

United States President Donald Trump’s tariffs on UK steel “couldn’t come at a worse time,” the industry has warned as the levy on US imports is introduced. The British steel and aluminium industries are braced for the impact of the US president’s tariffs,

A potential India-US trade deal will iron out the impact of Trump tariffs, according to a report by Nirmal Bang Equities.The report stated that as the United States, under President Donald Trump, continues to impose tariffs on global trade,