The Indian government is preparing to impose a temporary 12% tariff on steel imports to curb the increase in cheap steel coming from China and other countries. According to a government official directly familiar with the matter, this measure—locally referred to as a “safeguard duty”—aims to block the influx of low-priced imports.
Last month, the Directorate General of Trade Remedies (DGTR), which operates under India's Federal Ministry of Commerce, recommended the imposition of a 12% tariff for 200 days on certain steel products. This recommendation followed an investigation launched in December of last year. The investigation sought to determine whether the unrestricted import of steel was harming India's domestic steel industry.
The planned measure is being considered a significant step towards protecting domestic producers and restoring balance in the steel sector.
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