<h1>Steel firm says 50% US tariff unlikely to hit domestic market but may hurt export units, urges GST reform</h1> A major domestic steel company reported that a newly imposed 50% US tariff is unlikely to materially affect the domestic steel sector because the company does not export steel to the US, though its European operations that do export to the US may be adversely affected; the tariff could also impact other export-oriented sectors such as textiles and gems and jewellery. The company acknowledged global market challenges and emphasized the need for continued competitiveness, noted rising domestic demand, and referenced government consideration of measures - including proposed GST reforms - to mitigate the tariff's impact.