A PLAN TO impose safeguard duty on steel imports is on, but the government will also address the concerns of the user industry, while taking a final call, steel minister HD Kumaraswamy said on Thursday.
The minister unveiled Indian standards for green steel and hinted at incentives for the producers to encourage its production. In government procurement, green steel may get preferential treatment.
Earlier this month, the steel ministry had proposed up to 25% safeguard duty —in addition to basic customs duty—to protect the domestic industry from cheaper imports.
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