States » SouthPosted at: Apr 21 2025 10:07PM


HDK hails 12 pc safeguard duty on imported steel

Bengaluru, Apr 21 (UNI) In an endorsement of the government's latest move to safeguard the domestic steel industry, Union Minister HD Kumaraswamy on Monday welcomed the imposition of a 12% safeguard duty on imported steel flat products.
He remarked, "I welcome the 12% safeguard duty on imported steel flat products. This will protect Indian manufacturers, ensure fair competition, and boost our domestic industry." Kumaraswamy further expressed his gratitude, saying, "I am grateful to Hon’ble PM Shri @narendramodi avaru for his continued support towards building a self-reliant India."
The Ministry of Finance, Department of Revenue, has imposed this provisional safeguard duty on imports of non-alloy and alloy steel flat products, including hot-rolled coils, sheets, and plates, cold-rolled coils, and metallic-coated steel products.
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