India imposes three-year tariff on select steel products to curb cheap imports, mainly from China - India Today
India has introduced a three-year tariff on selected steel products to shield domestic manufacturers from a surge of low-priced imports, largely originating from China. The move aims to restore fair competition in the Indian steel market, where local producers have faced margin pressure due to undercutting prices. By applying safeguard duties on specific categories, the government seeks to stabilize prices, encourage capacity utilization, and support employment across the steel value chain. Officials indicated the measure follows detailed investigations that found serious injury to domestic producers from rising imports. While the tariff may slightly increase costs for downstream industries in the short term, policymakers believe it will strengthen supply resilience and reduce import dependence over time. The decision aligns with India’s broader strategy to boost manufacturing, protect critical sectors, and ensure sustainable growth without compromising trade commitments. The tariff will be reviewed periodically during the three-year window.
The Key points
- India imposes a three-year safeguard tariff on select steel items.
- Decision targets cheap imports, mainly from China.
- Aim is to protect domestic steel manufacturers.
- Measure follows official injury and import surge assessments.
- Supports fair pricing and market stability.
- Helps improve capacity use in Indian steel plants.
- May raise short-term input costs for users.
- Expected to boost jobs and local production.
- Part of India’s wider manufacturing protection strategy.
- Tariff to be reviewed during the implementation period.
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