Safeguard Measures to Cut India's Steel Imports by 50% in FY26: Experts

Steel imports of India could reduce by 50 per cent in FY2026 while domestic manufacturers' profitability is expected to improve, if the government levies a safeguard duty on inbound shipments, said experts. The Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry, has recommended imposition of a 12 per cent provisional safeguard duty for 200 days on certain steel products with an aim to protect domestic players from surge in imports. The final decision to impose the duty will be taken by the Finance Ministry later.

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