💨 Abstract

India imposes a 12% safeguard duty on flat steel imports for 200 days starting April 21, 2025, to protect its domestic steel industry from low-priced imports primarily from China, South Korea, and Japan. The duty aims to curb the influx of cheap steel imports that accounted for 78% of India's finished steel imports in 2024-25.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖