India Considers Raising Protective Duty on Steel Imports to 24%

Post Views: 303 India Safeguard duty India Weighs Increasing Steel Safeguard Duty Amid Chinese Circumvention Concerns India is considering raising the safeguard duty on steel imports to 24%, up from the current 12%, to address concerns about Chinese exporters circumventing existing measures. The government received multiple complaints about attempts by Chinese players to bypass the safeguard duty, which aims to protect the domestic steel industry. Therefore, authorities are evaluating several options to strengthen trade defense mechanisms and curb unfair pricing. Meanwhile, Indian small steel ...