While it is stated that the decision is aimed at protecting the competitiveness of domestic producers, it is stated that especially the products entering the market with dumped and subsidized prices harm the sector.
“We are considering various options,” a senior government official confirmed to the Times of India, noting that they had received complaints that Chinese producers were trying to circumvent the existing tax application.
It was announced that the 12% safeguard duty, which was introduced at the end of April as a temporary measure, would remain in force for 200 days. A comprehensive investigation is required to decide on a higher rate of duty.
Due to the trade measures imposed by many countries, especially the US, against Chinese goods, India has become one of the alternative markets for these products. This has led to a growing concern in the domestic industry against imports. According to the data, India, the world's second largest crude steel producer, remained a net importer of finished steel products in the 2024-25 financial year, with total imports expected to approach the 10 million ton mark.
On the other hand, small-scale producers are concerned that the protection measures imposed have increased prices and increased costs.
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