The Government of India has imposed a safeguard duty of 11–12% on imports of non-alloy and alloy steel flat products, effective until April 20, 2028. The move aims to protect domestic producers from surging imports and ensure fair competition, while balancing industrial demand and trade obligations under WTO rules.
Shielding Domestic Steel Industry
India has announced a safeguard duty ranging between 11–12% on imports of non-alloy and alloy steel flat products, including hot-rolled and cold-rolled variants. The Ministry of Finance issued the order following recommendations from the Directorate General of Trade Remedies (DGTR), citing injury to domestic producers from rising import volumes.
The duty will remain in force until April 20, 2028, providing a protective buffer for Indian steelmakers against cheaper imports, particularly from East Asian markets. Officials emphasized that the measure is consistent with World Trade Organization (WTO) provisions, allowing safeguard duties when domestic industries face serious injury.
Industry experts note that while the duty supports local manufacturers, it may raise input costs for downstream sectors such as automobiles, infrastructure, and consumer durables, which rely heavily on steel flat products.
Key Highlights / Major Takeaways
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Duty Imposed: 11–12% safeguard duty on non-alloy and alloy steel flat products.
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Duration: Valid until April 20, 2028.
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Reason: Rising imports causing injury to domestic producers.
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Global Compliance: Measure aligned with WTO safeguard provisions.
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Impact: Relief for steelmakers; potential cost pressures for auto and infra sectors.
Sources: Reuters, Business Standard, Ministry of Finance Order, DGTR Notifications