According to GMK Center, falling steel prices and increasing Chinese imports are more concerning than domestic demand for steel products, according to Tata Steel CEO T.V. Narendran. Despite strong overall demand, particularly in the construction and automotive sectors, the company has faced challenges due to a slowdown in the automotive market and reduced government spending on infrastructure. Tata Steel anticipates a recovery in demand during the second half of FY2024/2025. Narendran emphasized that the primary issue is not demand but rather the impact of steel prices and imports on profit margins. He noted that the Indian government is actively considering imposing tariffs on steel imports to address these challenges.