+
Centre Imposes 12% Safeguard Duty to Protect Indian Steel Industry
Steel

Centre Imposes 12% Safeguard Duty to Protect Indian Steel Industry

The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, has welcomed the government’s decision to impose a 12% safeguard duty on the import of certain non-alloy and alloy steel flat products. This move is designed to shield domestic steel manufacturers from the adverse effects of a surge in steel imports, ensuring fair competition within the market.

Minister Kumaraswamy stressed that the decision would provide essential relief to domestic producers, particularly small and medium-sized enterprises (SMEs), who have been under significant pressure due to the influx of imports. "This safeguard duty will help stabilise the market and restore confidence within the domestic industry," he remarked.

The Minister also expressed his gratitude to Prime Minister Shri Narendra Modi for his decisive leadership and ongoing support for strengthening key sectors under the Atmanirbhar Bharat initiative. Kumaraswamy reaffirmed the Ministry’s commitment to collaborating with all stakeholders to ensure that the Indian steel sector remains resilient, self-reliant, and competitive on a global scale.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Union Minister for Steel and Heavy Industries, Shri H. D. Kumaraswamy, has welcomed the government’s decision to impose a 12% safeguard duty on the import of certain non-alloy and alloy steel flat products. This move is designed to shield domestic steel manufacturers from the adverse effects of a surge in steel imports, ensuring fair competition within the market. Minister Kumaraswamy stressed that the decision would provide essential relief to domestic producers, particularly small and medium-sized enterprises (SMEs), who have been under significant pressure due to the influx of imports. This safeguard duty will help stabilise the market and restore confidence within the domestic industry, he remarked. The Minister also expressed his gratitude to Prime Minister Shri Narendra Modi for his decisive leadership and ongoing support for strengthening key sectors under the Atmanirbhar Bharat initiative. Kumaraswamy reaffirmed the Ministry’s commitment to collaborating with all stakeholders to ensure that the Indian steel sector remains resilient, self-reliant, and competitive on a global scale.

Next Story
Infrastructure Urban

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Next Story
Infrastructure Urban

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Next Story
Infrastructure Urban

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?