To shield its steel industry from a surge in inexpensive imports, the Indian government has implemented a 12% safeguard duty on specific alloy and non-alloy steel flat products. This action, welcomed by the Union Minister, aims to alleviate pressure on domestic manufacturers, particularly SMEs, facing market distortions due to increased foreign steel inflows.
To shield its steel industry from a surge in inexpensive imports, the Indian government has implemented a 12% safeguard duty on specific alloy and non-alloy steel flat products. This action, welcomed by the Union Minister, aims to alleviate pressure on domestic manufacturers, particularly SMEs, facing market distortions due to increased foreign steel inflows. To shield its steel industry from a surge in inexpensive imports, the Indian government has implemented a 12% safeguard duty on specific alloy and non-alloy steel flat products. This action, welcomed by the Union Minister, aims to alleviate pressure on domestic manufacturers, particularly SMEs, facing market distortions due to increased foreign steel inflows. Read More
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