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Tata Steel has called on the Indian government to double the existing safeguard duty on steel imports from 12% to 24%, and extend its duration to better protect the domestic steel industry. The company believes stronger trade safeguards are necessary to counter the threat of cheap and substandard imports, especially from countries like China.
Koushik Chatterjee, Executive Director and CFO of Tata Steel, stated that while the current provisional 12% duty provides some relief, it may not be enough to address long-term risks such as dumping and import route manipulation.
He also emphasized the need for strict enforcement of Quality Control Orders (QCOs) to prevent low-quality steel products from entering the Indian market under the guise of compliance.
Tata Steel’s recommendations aim to ensure a level playing field for Indian manufacturers, protect investments in capacity expansion, and maintain the integrity of the country’s steel ecosystem.
The government is currently reviewing safeguard measures, with industry players pushing for long-term solutions to support local production and prevent market distortion from foreign competition.
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