In a decisive move to protect the Indian steel sector, the Central Government has imposed a 12% safeguard duty on imports of certain non-alloy and alloy steel flat products.
Announced on April 21, 2025, by the Press Information Bureau (PIB), this measure aims to shield domestic steel manufacturers from the adverse effects of a recent surge in imports, ensuring fair competition and market stability. The decision has been hailed as a critical step toward reinforcing the resilience of India’s steel industry, a cornerstone of the nation’s industrial and economic framework.
The safeguard duty comes at a time when domestic producers, particularly small and medium-scale enterprises (SMEs), have been grappling with intense pressure from cheaper imported steel flooding the market. By imposing this duty, the government seeks to level the playing field, providing much-needed relief to local manufacturers and fostering a conducive environment for growth.
Union Minister for Steel and Heavy Industries, H. D. Kumaraswamy, warmly welcomed the decision, describing it as a “timely and necessary step” to protect the interests of Indian steelmakers. In a statement released by PIB, he emphasized the importance of the measure in addressing the challenges faced by SMEs, which form the backbone of the steel sector. “This move will provide critical relief to domestic producers, who have faced immense pressure from rising imports. The safeguard duty will help restore market stability and reinforce the confidence of the domestic industry,” Kumaraswamy said.
Kumaraswamy expressed heartfelt gratitude to Prime Minister Narendra Modi for his decisive leadership and unwavering support in fortifying India’s strategic industries. He credited the Prime Minister’s vision of Atmanirbhar Bharat for driving policies that prioritize self-reliance and economic resilience. “The Hon’ble Prime Minister’s guidance has been instrumental in strengthening sectors like steel, which are vital to India’s growth. This safeguard duty is a testament to his commitment to building a robust and self-reliant India,” the Minister stated.
The imposition of the safeguard duty is expected to have far-reaching implications for the steel industry. By curbing the influx of cheap imports, the measure will not only protect jobs but also encourage investments in domestic production capacity. It will also bolster India’s position in the global steel market, ensuring that the country remains competitive while reducing reliance on foreign suppliers.