Category : Business and economicsPublished on: April 23 2025
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The Centre has imposed a 12 per cent safeguard duty on the import of certain non-alloy and alloy steel flat products with a view to shielding the Indian steel sector.
This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports of steel. The safeguard duty will help restore market stability and reinforce the confidence of the domestic industry.
