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India imposes temporary tariff on some steel to stem cheap imports from China

  • India, the world's second-largest producer of crude steel, has imposed a 12% temporary tariff on certain steel imports to protect domestic manufacturers from cheap imports, mainly from China.
  • The 200-day tariff aims to prevent operational downsizing and job cuts in the Indian steel industry due to import pressures.
  • Steel Minister H. D. Kumaraswamy stated the tariff decision will ensure fair competition for domestic manufacturers, especially small and medium enterprises.
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Reuters broke the news in United Kingdom on Monday, April 21, 2025.
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