Chinese imports: India imposes 12% tariff on steel inflows; aims to curb cheap shipments with safeguards
Chinese imports: India imposes 12% tariff on steel inflows; aims to curb cheap shipments with safeguards
India has implemented a three-year safeguard duty on specific steel imports, starting at 12% and gradually decreasing. This measure aims to shield domestic producers from a surge of low-cost foreign steel, particularly from China, following a thorough investigation into import impacts. Specialty steel products are exempt from this new tariff.
India has implemented a three-year safeguard duty on specific steel imports, starting at 12% and gradually decreasing. This measure aims to shield domestic producers from a surge of low-cost foreign steel, particularly from China, following a thorough investigation into import impacts. Specialty steel products are exempt from this new tariff.
India has implemented a three-year safeguard duty on specific steel imports, starting at 12% and gradually decreasing. This measure aims to shield domestic producers from a surge of low-cost foreign steel, particularly from China, following a thorough investigation into import impacts. Specialty steel products are exempt from this new tariff. 
