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.
38 Articles
38 Articles
Tata Steel to SAIL: These stocks in action after govt imposes 12% safeguard duty on certain steel products
Steel stocks are in action on Tuesday, i.e. on April 22, 2025, after the government imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories. The products on which this duty has been imposed include rolled coils, sheets and plates. According to the government, the duty has been imposed to protect domestic players from a surge in imports. As a result, stocks like Tata Steel, JSW Steel, Jindal Steel and Steel …
India Imposes Tariff to Combat Chinese Steel Surge
India Imposes Tariff to Combat Chinese Steel Surge India, the world's second-largest producer of crude steel, has imposed a 12% temporary tariff on certain steel imports to combat the influx of inexpensive shipments mainly from China. This safeguard duty aims to protect local producers facing operational downsizing and job cuts due to import pressures.The 200-day tariff, announced by the Ministry of Finance, is India's first significant trade po…
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