India Imposes 12 Per Cent Safeguard Duty on Steel Imports

24 Apr 2025 CW Team

The Central Government has imposed a twelve per cent safeguard duty for 200 days on five categories of imported steel products following a recommendation by the Directorate General of Trade Remedies (DGTR). The move aims to protect domestic producers from a significant surge in imports.

The duty will apply to imports priced below USD 675 to USD 964 per tonne for product categories including hot rolled coils, plates, cold rolled coils, and coated and colour-coated sheets. Imports at or above these prices will be exempt. The DGTR investigation began in December last year following complaints by the Indian Steel Association, representing major producers like JSW Steel, Steel Authority of India Limited, and ArcelorMittal Nippon Steel India. It found a sudden increase in imports—from 2.293 million tonnes in 2021–22 to 6.612 MnT between October 2023 and September 2024.

Welcoming the decision, Union Steel Minister H.D. Kumaraswamy said it would provide relief to small and medium enterprises. Indian Steel Association President Naveen Jindal called the duty a vital step towards market stability and self-reliance. However, MSME exporters and industry bodies like the Federation of Indian Export Organisations (FIEO) have criticised the move, warning it will raise input costs and reduce the global competitiveness of Indian products.

Source: PTI

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..