The Indian government has imposed a 12% safeguard duty on imports of certain non-alloy and alloy steel flat products to protect the domestic steel industry from rising import pressure.
Union Steel Minister H. D. Kumaraswamy welcomed the move, calling it a timely and necessary step to support domestic manufacturers, especially small and medium enterprises. The duty aims to ensure fair competition, restore market stability, and boost confidence in the Indian steel sector. The government reaffirmed its commitment to making the industry resilient, self-reliant, and globally competitive.