Ministry of Steel
Centre imposes 12% safeguard duty to shield Indian steel sector
Relief for domestic producers amid surge in steel imports
Union Minister H. D. Kumaraswamy thanks PM Modi for decisive leadership under Atmanirbhar Bharat
Posted On:
21 APR 2025 8:40PM by PIB Delhi
The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, welcomed the decision to impose a 12 percent safeguard duty on the import of certain non-alloy and alloy steel flat products. This measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market.
“This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help restore market stability and reinforce the confidence of the domestic industry.”
Shri Kumaraswamy expressed gratitude to the Hon’ble Prime Minister Shri Narendra Modi for his leadership and continued support in strengthening strategic sectors under the vision of Atmanirbhar Bharat. He reiterated that the Ministry remains committed to working with all stakeholders to ensure that the Indian steel sector remains resilient, self-reliant, and globally competitive.
******
TPJ/NJ
(Release ID: 2123294)
Visitor Counter : 620