India Imposes 12% Safeguard Duty on Steel Imports to Protect Domestic Producers

Post Views: 250 Safeguard duty 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 ...