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(22 Apr 2025, 11:54)

India's 12% safeguard duty on import of certain steel flat products to protect domestic manufacturers

The Union Minister for Steel and Heavy Industries, H. D. Kumaraswamy has welcomed the decision to impose a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products. This measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market. He noted that this move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help restore market stability and reinforce the confidence of the domestic industry.
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