loader2
Login Open ICICI 3-in-1 Account
Text Size
Text to Speech
Color Contrast
Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Metals: Higher steel & aluminium prices pinch US Consumers: Tariff reduction likely on the anvil

ICICIdirect Research 19 Feb 2026 DISCLAIMER

Under US Section 232, Steel and Aluminium imports are currently subject to increased tariffs of 50%.
However, recent media reports suggest the US government may roll back these duties on select products.
A tariff relaxation would create export opportunities for Indian steel and aluminium majors, with JSW Steel and Tata Steel poised to benefit directly.
Furthermore, a rollback would provide operational relief to Hindalco’s US based wholly owned subsidiary, Novelis, which sources ~30% of its primary aluminium from external markets.
Notably, the relaxation of tariffs may lead to increased steel imports into the US, thereby reducing import pressure on the Indian market and supporting domestic price stability.

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere