HURT BY IMPORTS, STEELMAKERS EYE SAFEGUARD DUTY
Hindustan Times Navi Mumbai|December 25, 2024
The commerce ministry's investigation into imports of flat steel products and a likely safeguard duty to curb their shipments have sparked optimism of a turnaround for Indian steelmakers after a tepid year marred by slipping sales prices and shrinking margins.
Nehal Chaliawala

MUMBAI:

A safeguard duty is a temporary measure to protect the domestic industry from cheap imports, and could arrest the slide in steel prices, industry experts said. The duty could be to the tune of 25% of import price, media reports said.

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