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India levies 12% safeguard duty on certain steel products.
Move aimed at curbing rising imports threatening local industry.
Duty to remain in place for 200 days while full review proceeds.
New Delhi | April 22, 2025 – In a significant move to protect domestic manufacturers, the Indian government has imposed a 12% safeguard duty on specific steel products for a duration of 200 days, citing a surge in low-cost imports that threatens the viability of local production.
The Ministry of Finance announced the decision following recommendations from the Directorate General of Trade Remedies (DGTR), which identified a sudden spike in imports of hot-rolled and cold-rolled flat steel products. The temporary duty aims to curb dumping and provide breathing room for the domestic steel sector, already battling thin margins and rising input costs.
According to officials, the safeguard duty will be applicable to select product categories where import volumes have surged disproportionately. The interim measure will allow time for detailed investigation and permanent tariff restructuring if warranted.
Industry bodies such as the Indian Steel Association have welcomed the decision, stating it is a timely intervention to level the playing field against heavily subsidized foreign steel—especially from countries like China and Vietnam. However, some downstream users fear the move may lead to short-term price hikes in steel-intensive sectors like construction and automotive.
This move aligns with India's larger goal of self-reliance under the "Atmanirbhar Bharat" vision and could signal stronger trade defense policies in the months ahead.
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