India has implemented a 12% safeguard duty on specific steel imports to curb cheap inflows, particularly from China. The measure aims to protect domestic steelmakers and ensure fair market competition.
New Import Duty to Remain for 200 Days
India’s Ministry of Finance confirmed that the safeguard duty took effect on April 21, 2025, and will remain valid for 200 days. The duty targets flat-rolled steel products under HS codes 7208, 7209, 7210, 7211, 7212, 7225, and 7226. However, the levy only applies if the import price falls below certain thresholds. For example, hot-rolled coils (HRC) priced at $675/ton CIF or higher are exempt.
This temporary tariff stems from a March 2025 recommendation by the Directorate General for Trade Remedies (DGTR). The agency issued the proposal after detecting a sharp rise in low-priced steel imports. The Indian Steel Association, representing major producers like ArcelorMittal Nippon Steel India and JSW Steel, filed the initial complaint.
Surge in Steel Imports Sparks Government Action
According to preliminary government data, India became a net importer of rolled steel in the 2024/2025 fiscal year, with import volumes hitting a nine-year high. The country imported 9.5 million tons of rolled steel—up 14.8% year-on-year—while exports dropped 35.1% to 4.86 million tons.
India’s Minister of Steel and Heavy Industries, H.D. Kumaraswamy, emphasized that the safeguard duty ensures a level playing field for local producers. The government previously imposed temporary restrictions on low-ash metallurgical coke imports beginning January 2025. These ongoing measures reflect India’s commitment to supporting its steel sector amid global price pressures.
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