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Safeguard duty on steel products to help curb influx of cheap imports from select countries: ISA
Apr-24-2025

The Indian Steel Association (ISA) has said that the government's decision to impose a 12 per cent provisional safeguard duty on imported flat steel products will help curb the influx of cheap imports, primarily from China, South Korea, and Japan. According to ISA, these countries alone contributed around 78 per cent to the overall imports in FY25.  

ISA further said India became a net importer of finished steel for the second consecutive year, with imports reaching a nine-year high of 9.5 million metric tonnes in 2024-25. It said that the Directorate General of Trade Remedies (DGTR) has recommended this duty following an investigation initiated in December 2024. The probe revealed that the sharp increase in imports of non-alloy and alloy steel flat products was causing significant injury to domestic producers.

The industry body said the government's action aligns India with other countries seeking to control foreign steel imports and protect domestic manufacturing sectors. It noted that by creating a level playing field, the safeguard duty is expected to reinvigorate investor confidence and accelerate the sector's contribution to national growth.


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