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Steel Imports May Halve in FY26 if Safeguard Duty Kicks In: DGTR
Hindustan Times Patna
|March 21, 2025
India's steel imports could reduce by 50% in FY26 while domestic manufacturers' profitability is expected to improve, if the government levies a safeguard duty on inbound shipments, experts have said.
NEW DELHI:
The Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry, has recommended imposition of a 12% provisional safeguard duty for 200 days on certain steel products with an aim to protect domestic players from a surge in imports. The final decision to impose the duty will be taken by the finance ministry.
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