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India’s steel ministry has deferred a decision on increasing the 12% provisional safeguard duty on steel imports, according to Steel Secretary Anurag Jain. The duty, introduced on April 21 for 200 days, aims to curb rising imports of flat-rolled steel products, particularly from China, and protect domestic producers from unfair competition.
Indian steel manufacturers have been lobbying for a higher duty, citing a surge in low-cost imports and alleged misuse of import licences. However, Jain clarified that the ministry is awaiting a detailed report from the Directorate General of Trade Remedies (DGTR), which is expected to submit its findings by August.
Jain stated, “I would not like to hazard a guess if the safeguard duty will be higher or lower. It will depend entirely on the DGTR’s recommendations.” He also confirmed that concerns about licence misuse are under investigation, indicating that some importers may have bypassed intended restrictions.
The decision on whether to revise the duty will significantly impact domestic steelmakers, downstream industries, and import dynamics. With India aiming to reduce its steel imports by half in FY26, the outcome of the DGTR’s review could play a pivotal role in shaping the country’s future trade and industrial policy.
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