India's steel sector anticipates growth driven by a long-term safeguard duty on imports, which is expected to protect domestic manufacturers from cheap Chinese steel dumping and improve pricing power. This measure widens the price difference between Indian and imported steel, offering significant protection. Despite muted steel prices this year, India remains a global leader in steel consumption, with domestic demand growing robustly. However, increased domestic capacity and weakened export prospects due to Europe's CBAM present supply-side challenges.