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Steel Safeguard Duty: 12% Levy on Imports for Three Years

3 January 20261 min read
ECONOMYSteel SafeguardDuty: 12% Levy onImports for ThreeYears3 January 2026safalsetu.com

Why in the news

The Centre decided to put a protective levy on certain steel products coming from abroad. The step is meant to help local steel makers face a rush of cheaply priced shipments.

Key facts

  • Type of measure: safeguard duty on imports of selected steel products.
  • Rate: up to 12%.
  • Duration: three years.
  • Imposed by: the Government of India.
  • Reason: a surge in low-priced imports, mostly from China and a few other countries.

Significance

  • Shields the domestic steel industry from imports sold at low prices.
  • Signals a trade-protection stance towards cheap inflows from particular exporting countries.

Exam angle

  • Which tool was used: safeguard duty, capped at 12%.
  • For how long: three years.
  • Which country was named as the chief source of cheap steel: China.

Test yourself

1. What maximum rate of safeguard duty did India impose on selected steel imports?

The duty was set at up to 12%.

2. For how long will India's safeguard duty on select steel imports apply?

The duty was imposed for a period of three years.

3. India's steel safeguard duty was mainly aimed at imports from which country?

Low-priced imports, particularly from China, prompted the duty.

This topic is part of Daily Current Affairs 1 & 2 January 2026 (22 topics).

All topics of the dayDay quizJanuary 2026

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