Centre imposes a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products to ensure fair competition in the steel market.
Apr 21, 2025
The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy has welcomed the decision to impose a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products, as this measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market.
“This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help restore market stability and reinforce the confidence of the domestic industry,” says Union Minister.
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He reiterated that the Ministry remains committed to working with all stakeholders to ensure that the Indian steel sector remains resilient, self-reliant, and globally competitive.
