REUTERS/Amit DaveA cyclist rides past unloaded steel coils at the Deendayal Port in Kandla, in the western state of Gujarat, India, Apr 5, 2025. REUTERS/Amit DaveIndia, the world's second-biggest producer of crude steel, on Monday imposed a 12 percent temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China. Tensions over cheap steel imports into India predate that, with the investigation behind the latest move beginning in December. "The world is impacted by Chinese imports whether directly or indirectly," said the executive. New Delhi's leading steelmakers' body - which counts JSW Steel and Tata Steel among members, alongside the Steel Authority of India and ArcelorMittal Nippon Steel India - has raised concerns over imports and called for curbs.

Source: bd News24 April 21, 2025 17:02 UTC