Centre imposes 12% safeguard duty on certain steel flat product imports
The Centre imposed a 12% safeguard duty on imports of certain non-alloy and alloy steel flat products, Steel Minister H.D. Kumaraswamy said on 21 April 2025.
Summary
The Government decided to impose a 12% safeguard duty on the import of certain non-alloy and alloy steel flat products, the Ministry of Steel said on 21 April 2025. Union Minister for Steel and Heavy Industries H.D. Kumaraswamy welcomed the decision as a step to protect domestic steel manufacturers, especially small and medium-scale enterprises, from the impact of import surges.
Key facts
- Duty
- 12% safeguard duty
- Products
- Certain non-alloy and alloy steel flat products
- Purpose
- Protect domestic producers from import surges
- Minister
- H.D. Kumaraswamy, Steel and Heavy Industries
Practice MCQs 2 questions
At what rate did the Centre impose a safeguard duty on imports of certain non-alloy and alloy steel flat products in April 2025?
Show answer
Correct answer: B — 12%
12%: the Ministry of Steel said a 12% safeguard duty was imposed.
Consider the following about the steel import duty announced in April 2025: 1. It applies to certain non-alloy and alloy steel flat products. 2. It is an anti-dumping duty. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. It is a safeguard duty, not an anti-dumping duty.