India slaps up to 12% safeguard duty on steel imports, move aimed at China

India's steel stocks jump on tariff to curb cheap imports

India imposes three-year safeguard duty of up to 12% on steel imports

India imposes a three-year safeguard duty of up to 12% on select steel imports to curb cheap shipments and protect the domestic steel industry.

India slaps up to 12% safeguard duty on steel imports, move aimed at China

The levy, locally known as a safeguard duty, will be imposed at 12% in the first year, followed by 11.5% in the second year and then 11% in the third year.

India Imposes Steel Import Tariff To Protect Domestic Industry

Hyderabad: India has imposed a steel import tariff to safeguard domestic producers from rising low priced imports, primarily from China, officials confirmed on Tuesday. Here To Join Us On WhatsApp The Union Government approved higher duties on select steel products following concerns over market disruption. According to official orders, the steel import tariff will be 12 percent in the first year. However, the rate will reduce to 11.5 percent in…