India Imposes 12% Safeguard Duty on Steel Imports for 3 Years

India Imposes 12% Safeguard Duty on Steel Imports for 3 Years

India has implemented a three-year safeguard duty of up to 12% on specific steel imports, primarily targeting cheap shipments from countries like China, Vietnam, and Nepal. This measure aims to protect the domestic steel industry from a surge in low-priced foreign steel.

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