The chairman argues that by levying tariffs, the government would not only safeguard the interests of domestic steel producers but also encourage investments in the sector, leading to increased production capacity and job creation. He believes that a robust domestic steel industry is crucial for India's overall economic growth, especially as the country aims to enhance its infrastructure and manufacturing capabilities.

Additionally, the proposed tariffs could help balance the trade deficit by reducing reliance on imported steel, fostering self-sufficiency in the long run. Industry stakeholders are keenly watching the government’s stance on this issue, as it has significant implications for the future of the steel sector in India. By addressing import competition, India can work towards a sustainable and competitive steel industry, ensuring that local businesses can contribute effectively to the nation's economic landscape.

As discussions continue, the focus remains on finding solutions that support both growth and sustainability within the steel industry, enabling it to meet domestic demands while fostering a resilient economy.