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India imposes 12% safeguard duty on steel imports with immediate effect-金屬展-冶金展-2025廣州巨浪國際金屬暨冶金工業展覽會-巨浪展覽-2025 China (Gu
angzhou) Int'l Metal & Metallurgy Industry Exhibition
4/22/2025 金屬展-冶金展-鋼鐵展-steel expo-metal & metallurgy expo |
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India has oficially imposed 12 percent safeguard duty on steel imports, according to a notification issued by theministry of finance on Monday, April 22.
"The government, after considering the said findings of the Director General Trade Remedies (DGTR), herebyimposes a provisional safeguard duty at the rate of 12 percent ad valorem," the oficial notification said.
As per the notification, the safeguard duty will be with immediate effect and shall remain in effect for the next200 days.
India, the world''s second-biggest crude steel producer, was also a net importer of finished steel for the secondconsecutive year in the fiscal year 2024-25, with inward shipments reaching a nine-year high of 9.5 milion mt,according to the provisional government data.
Last month, the DGTR, under the ministry of commerce, had recommended a tarif of 12 percent on some steelproducts for 200 days, as part of efforts to stem cheap imports.
In December 2024, the DGTR started an investigation into the sudden surge in imports of non-alloy and alloysteel flat products.
The investigation was conducted following a complaint from the Indian Steel Association on behalf of itsmembers including ArcelorMital Nippon Steel india, AMNS Khopoli, jsW Steel, jsW Steel Coated ProductsBhushan Power & Steel. jindal Steel and Power, and state-owned Steel Authority of india Limited (SAlL).
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