Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Govt imposes 12% safeguard duty on steel
Mint Kolkata
|April 22, 2025
Industry claims cheaper imports not just from China but also from Japan, South Korea impacted their profits
The government on Monday imposed a 12% safeguard duty on steel imports in a move to protect the domestic steel industry.
The threat of a flood of cheap imports has risen post Trump's tariffs that make it uneconomical for Chinese steel to sell to the US market.
As per a government notification issued on Monday by the ministry of finance, the safeguard duty would be applicable for 200 days with effect from Monday, 21 April.
"The safeguard duty imposed through this notification will remain in effect for 200 days from the date of its publication, unless it is earlier revoked, superseded, or amended," the finance ministry notification stated.
The surplus Chinese steel now threatens to flood major markets, including India, with cheap products, creating an imbalance that could affect Indian steel companies.
Denne historien er fra April 22, 2025-utgaven av Mint Kolkata.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Kolkata
Mint Kolkata
How EVs came to dominate 3-W market
Of the 1.1 million three-wheelers sold in India this calender year (as of 24 November), more than 687,000, or about 60%, were electric vehicles (EVs), compared with a measly 4.1% for cars and 6.2% for two-wheelers, government data showed.
2 mins
November 26, 2025
Mint Kolkata
1st privately built PSLV near lift-off
India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.
1 min
November 26, 2025
Mint Kolkata
Fed chair Powell's allies provide opening for December rate cut
A divided committee, missing data and a whiff of stagflation leave Powell with hard choices
4 mins
November 26, 2025
Mint Kolkata
THE REAL TAX MATH AND LEGAL PITFALLS OF CHOOSING TO WORK AS A CONSULTANT
Many employees believe they will be financially better off working as consultants than staying on payroll, due to perceived tax savings. But how accurate is this belief, and what risks arise if an employee is reclassified as a consultant?
3 mins
November 26, 2025
Mint Kolkata
Tata Motors PV brings back Sierra to rival Creta, Vitara
Firm revives the iconic model after 22 years to push into the crowded mid-size SUV market
2 mins
November 26, 2025
Mint Kolkata
Sovereign Al takes off as countries try to avoid overdependence on superpowers
As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.
1 mins
November 26, 2025
Mint Kolkata
TechM lags peers but sticks to its turnaround timeline
Co. expects revenue growth to rise as macroeconomic conditions improve by March 2027
3 mins
November 26, 2025
Mint Kolkata
Wipro to enter pet foods with ‘HappyFur’
Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.
2 mins
November 26, 2025
Mint Kolkata
PPFAS’s new fund to run like an index fund, with an edge
Fund will use futures market discounts, merger opportunities and index-rebalancing tactics
3 mins
November 26, 2025
Mint Kolkata
Al nostalgia has a new generation loving the 1980s
The baffling popularity of Al-generated 80's videos and other news this week
1 min
November 26, 2025
Listen
Translate
Change font size