12% Safeguard Duty on Steel Imports for 200 Days
Why in the news
The Finance Ministry notified a short-term levy to shield local mills from low-priced steel.
| Feature | Detail |
|---|---|
| Rate | 12% on specified steel categories; HS codes to follow |
| Start | 21 April 2025 |
| Period | 200 days, unless changed or revoked |
| Focus | China, the second-largest supplier in FY25 |
Reasons
- India stayed a net importer of finished steel for a second year, hurting domestic producers through unfair pricing and market flooding.
Effects
- Prices may climb briefly; relief for SAIL, JSW, Tata Steel; possible WTO scrutiny; costlier infrastructure if extended.
Exam angle
- Provision: Section 8B; duration: 200 days.