💨 Abstract

The commerce ministry's investigation arm DGTR has recommended a 12% provisional safeguard duty for 200 days on certain steel products to protect domestic players from a surge in imports. The surge was found in 'Non-Alloy and Alloy Steel Flat Products' imports, causing potential harm to the domestic industry, according to the DGTR. The decision is pending the finance ministry's approval.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖