Crisil: Safeguard duty to protect steelmakers from low-cost imports

CRISIL RATINGS ON Tuesday said that imposition of 12% safeguard duty on certain steel products for 200 days will provide relief to the domestic primary steelmakers grappling under the pressure of low-cost imports.

- PRESS TRUST OF INDIA

"The domestic steel realisations were at a 5% premium vis- à-vis imports for most parts of the last two fiscals. This premium was on an uptrend in the last quarter of fiscal 2025, due to healthy domestic demand and in anticipation of the safeguard duty, while global prices continued to decline. "However, with 12% safeguard duty in place, the domestic producers will now have some respite," Crisil Ratings director Ankit Hakhu said.