Brief by Shorts91 Newsdesk / 06:57pm on 30 Dec 2025,Tuesday Business
India has imposed a three-year import duty on select steel products to curb a rise in cheap shipments, mainly from China. The tariff will be 12 per cent in the first year, 11.5 per cent in the second, and 11 per cent in the third. The move follows complaints from local producers over a surge in low-priced imports that hurt domestic sales. India is the world’s second largest crude steel maker. The government had earlier placed a 12 per cent temporary duty for 200 days, which ended in November. An industry body had also sought anti-dumping action through the trade remedies office in August. (PC: India Today)
