AdvtJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETManufacturing industry right on your smartphone! Download the ETManufacturing App and get the Realtime updates and Save your favourite articles. India has imposed a three-year import tariff ⁠of between 11 per cent and 12 per cent on some steel products, according to a finance ministry order published on Tuesday, as the government ‌aims ‌to curb cheap shipments from China.The levy, locally known as a ‌safeguard duty, will be imposed at 12 per cent in the first year followed by 11.5 per cent in the second year and then 11 per cent in the third year.The measure, which was published on the official government gazette, excludes imports from certain developing countries, though China, ‌Vietnam, ‍and Nepal will be subject to ‍the levy.

Source: Economic Times December 31, 2025 05:43 UTC