Govt imposes 20% safeguard duty on select steel products

Last Updated: Monday, September 14, 2015, 21:34

Government Monday imposed provisional safeguard duty of 20 percent on import of certain categories of steel with a view to protect domestic producers from recent surge in inward shipments, Finance Minister Arun Jaitley said.

Govt looking into imposition of safeguard duty on steel import

Last Updated: Friday, August 21, 2015, 15:37

Decision regarding imposition of safeguard duty on import of steel will not be delayed if the Directorate General of Safeguards recommends restrictive duty, Revenue Secretary Shaktikanta Das said on Friday.

China, Korea, Japan ship 75% of India's steel Q1 imports

Last Updated: Monday, August 3, 2015, 15:51

Indonesia with 83,300 tonne, Russia (56,720 tonne) and Taiwan (44,840 tonne) were the other major exporters of finished steel to India.

India's push to curb steel imports could hit its small mills

Last Updated: Wednesday, July 8, 2015, 13:51

Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said.

Govt raises import duty on selected steel products by 2.5%

Last Updated: Wednesday, June 17, 2015, 18:31

In a much needed relief for domestic producers, the government has increased the basic customs duty (BCD) on certain long and flat steel products by 2.5 percent.

India imports 2.9 MT steel from China in April-January: Govt

Last Updated: Wednesday, February 25, 2015, 15:57

As much as 2.9 million tonnes of steel was imported from China in the first 10 months of the current fiscal, as against 8.1 MT of total inward shipments of the metal, the government said today.

Double whammy for steel firms: Rising imports, dipping exports

Last Updated: Sunday, January 11, 2015, 17:16

Facing a double whammy of rising imports and declining exports, domestic steel manufacturers are fearing further squeeze in their margins in a stubbornly subdued domestic market.

Steel cos competitive enough to counter surge in imports: SAIL

Last Updated: Sunday, December 7, 2014, 16:49

Allaying apprehensions of rising steel imports, state-run SAIL Sunday said capacity expansion of almost all steel-makers indicate that the domestic industry is resilient and competitive enough to balance it out with proportionate exports.

India plans safeguard duties on iron, steel items from China

Last Updated: Thursday, May 2, 2013, 22:59

India plans to impose safeguard duties on some iron and steel pipes, tubes and profiles to protect domestic producers from a flood of imports from countries like China and Italy.

No need to hike import duty: Steel Min

Last Updated: Thursday, February 21, 2013, 19:18

The Steel Ministry has shot down domestic manufacturers' plea for hiking import duty on the alloy, saying there is no need to initiate such an action right now as imports have not reached an alarming level.

20% safeguard duty on stainless steel import from China

Last Updated: Monday, January 7, 2013, 22:31

The government has imposed safeguard duty at a rate of 20 percent on imports of a certain variety of stainless steel from China to protect domestic players.