The decision followed an investigation by the Directorate General of Trade Remedies, which found that imports increased significantly in a short period, putting pressure on the local steel industry.
The measure covers selected flat steel products, including hot rolled, cold rolled, galvanized and colour coated steel. The safeguard duty will remain in force for a period of three years.
The products covered by the measure fall under HS 7208, 7209, 7210, 7211, 7212, 7225 and 7226.
The duty rates were set as follows:
21 April 2025 to 20 April 2026: 12 percent
21 April 2026 to 20 April 2027: 5 percent
21 April 2027 to 20 April 2028: 11 percent
Imports priced at or above the notified CIF threshold levels, ranging between 675 and 964 USD per metric ton depending on the product, will be exempt from the duty. While exemptions were granted to certain developing countries, imports from China, Vietnam and Nepal were excluded from these exemptions.
Electrical steel, stainless steel, tinplate and other specialized steel products were excluded from the scope of the measure. The safeguard duty aims to provide temporary relief to the domestic steel sector against import pressure.
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