Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Hurt by imports, steelmakers eye safeguard duty
Mint Kolkata
|December 25, 2024
The temporary measure, likely in the last quarter of FY25, will protect domestic firms from cheap imports
The commerce ministry's investigation into imports of flat steel products and a likely safeguard duty to curb their shipments have sparked optimism of a turnaround for Indian steelmakers after a tepid year marred by slipping sales price and shrinking margins.
A safeguard duty is a temporary measure to protect the domestic industry from cheap imports, and could arrest the slide in steel prices, industry experts said. The duty could be to the tune of 25% of import price, media reports said.
"India may impose a provisional safeguard duty, likely in the last quarter of FY25. The extent of the duty will be determined by the level of injury sustained by Indian mills during the investigation period," said Dhruv Goel, chief executive officer of market intelligence firm Big Mint.
This story is from the December 25, 2024 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
When LLMs learn to take shortcuts, they become evil
Some helpful parenting tips: it is very easy to accidentally teach your children lessons you did not intend to pass on.
2 mins
November 28, 2025
Mint Kolkata
Investors expect AI use to soar. That's not happening
An uncertain outlook for interest rates. Businesses may be holding off on investment until the fog clears. In addition, history suggests that technology tends to spread in fits and starts. Consider use of the computer within American households, where the speed of adoption slowed in the late 1980s. This was a mere blip before the 1990s, when they invaded American homes.
2 mins
November 28, 2025
Mint Kolkata
Would you like to be interviewed by an AI bot instead?
don't think I want to be interviewed by a human again,\" said a 58-year-old chartered accountant who recently had an interview with a multinational company.
3 mins
November 28, 2025
Mint Kolkata
Can I claim TDS refund despite missing return filing deadline?
I am an NRI living in Dubai and have investments in Indian listed stocks. One of the companies I invested in, did a buyback in March, on which Tax Deducted at Source (TDS) was deducted. At that time, I was advised by a friend that I could claim a refund of TDS at the time of filing my tax return due to the benefits of the Double Taxation Avoidance Agreement (DTAA).
2 mins
November 28, 2025
Mint Kolkata
Tech startups on M&A route to boost scale, market share
M&As were earlier used to enter new markets or geographies, but that strategy has evolved
2 mins
November 28, 2025
Mint Kolkata
Doing India’s needy a good turn: Everyone is welcome to pitch in
What may seem weakly linked with positive outcomes on the ground could work wonders over time
3 mins
November 28, 2025
Mint Kolkata
Refiners, SCI tap Korean giants for local shipyard
Indian Oil, Bharat Petroleum and Hindustan Petroleum are part of the discussions
2 mins
November 28, 2025
Mint Kolkata
It's a multi-horse Street race now as Smids muscle in
For years, India’s stock market ran on the shoulders of a few giants. Not anymore.
1 mins
November 28, 2025
Mint Kolkata
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Mint Kolkata
What if China weaponizes its dominance of pharma inputs?
Overdependence on China for drug-making should worry the US
3 mins
November 28, 2025
Listen
Translate
Change font size