Govt Mulls 12% Duty on Steel to Curb China Imports

India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said a government source with direct knowledge of the matter, to try and curb a surge in cheap imports from China and elsewhere.

- Reuters

NEW DELHI:

The government would enact the tax as soon as possible, the source, who did not wish to be named, told Reuters on Monday.

India, the world's second-biggest crude steel producer, was also a net importer of finished steel for the second consecutive year in the financial year 2024-25, with shipments reaching a nine-year high of 9.5 million metric tons, according to provisional government data.