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On April 21, 2025, the Indian A738 Grade E steel Ministry of Finance announced in the Indian Gazette that a temporary safeguard tax of 12% would be levied on non alloy and alloy steel flat products imported from China and Vietnam, with customs codes 7208, 7209, 7210, 7211, 7212, 7225, and 7226. At the same time, a minimum CIF price of 675-964 US dollars per ton is set for the products involved in the case (see attached table for details). When the CIF import price of the products involved is higher than the corresponding minimum price, no temporary safeguard measures tax will be levied.
The measures shall come into effect from the date of A738 Grade E steel publication in the official gazette and shall be valid for 200 days. Relevant taxes shall be paid in Indian currency.
On December 19, 2024, the Indian Ministry of Commerce and Industry announced that it would initiate a safeguard measures investigation on imported sheet products in response to an application submitted by The Indian Steel Association. The investigation period of the case is from October 1, 2023 to September 30, 2024. On March 18, 2025, the Indian Ministry of Commerce and Industry proposed to impose a temporary safeguard measure tax of 12% on the products involved, valid for 200 days, and set an exemption limit.
According to data from Steel Union, China's steel A738 Grade E steel exports to India in 2024 will be 3.02 million tons, including 2.25 million tons of exported sheet metal. From January to March 2025, China's steel exports to India amounted to 430000 tons, a year-on-year decrease of 33%. Among them, 240000 tons of exported sheet metal were exported, a year-on-year decrease of 49%.
