
India imposed a 12 percent provisional safeguard duty on imports of non-alloy and alloy steel flat products on 21 April 2025, for a period of 200 days. The measure, issued as Notification No. 01/2025-Customs (SG), followed findings by the Directorate General of Trade Remedies that imports had risen suddenly, sharply and significantly, causing or threatening serious injury to domestic producers. It covers hot-rolled coils, sheets and plates, cold-rolled coils and sheets, and metallic-coated and colour-coated products under tariff headings 7208 to 7212 and 7225 to 7226, with stainless and speciality steels outside its scope. India had become a net importer of finished steel for a second consecutive year, with imports reaching a nine-year high of 9.5 million tonnes in 2024-25, up 27 percent year on year, much of it low-priced material from China. The duty was India's first major trade defence response to the global steel glut and the new US tariff regime.
Source: Zetwerk — https://www.zetwerk.com/blog/commodities/india-steel-safeguard-duty/
Photo: Wikimedia Commons (freely licensed).
