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<h1>Steel prices hit five-year low amid global protectionist measures and export duties disrupting trade flows and exports.</h1> Protectionist trade measures and export duties in 2025 restricted international steel flows and, together with a surge in Chinese exports, produced global oversupply that depressed prices; as a result, Indian steel prices fell to a five-year low despite strong domestic demand and supply. Tata Steel reported limited scope for further capacity expansion at Jamshedpur, emphasised investments in value-added facilities, and highlighted corporate planning adjustments in response to trade disruptions and duties affecting export access.