- Home
- Current Affairs
- Current News
- India Imposes 12% Safeguard Duty on Steel Imports
India Imposes 12% Safeguard Duty on Steel Imports
- 23 Apr 2025
On 21st April 2025, the Indian government imposed a 12% safeguard duty on non-alloy and alloy steel flat products to prevent potential dumping into India following increased US tariffs on Chinese goods.
Key Points
- Reason for Action: The Directorate General of Trade Remedies (DGTR) reported a “sudden and sharp” surge in steel imports that could severely harm the domestic industry.
- Duration of Duty: The safeguard duty will be effective for 200 days from the date of notification unless amended earlier.
- Exclusions: Specialized steel items such as Cold Rolled Grain Oriented Electrical Steel (CRGO), tinplate, stainless steel, rubber-coated, brass-coated, and aluminium-coated steels are excluded.
- Price Threshold: The duty will not apply to products priced above the import price set at $675/MT for hot rolled coils, sheets and plates, and $964/MT for colour-coated coils and sheets.
- Earlier Request: In 2024, the Ministry of Steel had urged a 25% duty amid fears of redirected Chinese steel following the US imposing a 25% tariff under Section 232 of its Trade Expansion Act.
State In News
State In News
State In News
- Andhra Pradesh
- Arunachal Pradesh
- Assam
- Bihar
- Chhattisgarh
- Delhi
- Goa
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu And Kashmir
- Jharkhand
- Karnataka
- Kerala
- Ladakh
- Madhya Pradesh
- Maharashtra
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Odisha
- Punjab
- Rajasthan
- Tamil Nadu
- Telangana
- Tripura
- Uttar Pradesh
- Uttarakhand
- West Bengal