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According to Mysteel, India's Directorate General of Trade Remedies (DGTR), in its final investigation conclusions, recommended the imposition of a three-year safeguard duty on some imported steel flat products, with rates set at 12% in the first year, 11.5% in the second year, and 11% in the third year. RAIN RI/D36 steel This measure aims to address the threat of severe damage to domestic industry posed by recent import growth. The previous temporary safeguard duty (effective from April 2025 at a rate of 12% for 200 days) is about to expire.
The proposed tariffs stem from a complaint filed by the Indian Steel Association (ISA), whose members include ArcelorMittal Nippon Steel India (AMNS India), JSW Steel, Jindal Steel and Power, and the Steel Authority of India. ISA cited a significant increase in imports of alloy and non-alloy flat steel, which has caused substantial injury and a continuing threat to domestic manufacturers. RAIN RI/D36 steel The DGTR stated that the decision to impose the tariffs was based on a comprehensive assessment of the current "serious injury" to the domestic industry and the "threat of injury" posed by continued imports.
However, the trade policy think tank GTRI strongly questioned this, pointing out that the DGTR rejected objections from over 250 stakeholders in its investigation, including major auto and electronics manufacturers. RAIN RI/D36 steel GTRI stated that the import growth was predictable, and that the assessment of damage to domestic industries was exaggerated. The final safeguard tariffs would increase raw material costs, weaken export competitiveness, and impact key downstream steel-using industries such as automobiles, engineering machinery, and construction.
