Is Safeguard Duty On Steel A Boon For Indian Steel Industry?

The government has extended safeguard duties on imports of certain steel products for three years. The safeguard duty will be levied at 12% in the first year (April 21, 2025 to April 20, 2026), reduced to 11.5% in the second year (April 21, 2026 to April 20, 2027), and further lowered to 11% in the third year (April 21, 2027 to April 20, 2028).

Here's what Ravi Uppal, Chairman, Siscol & Former MD & Group CEO, JSPL has to say.