💨 Abstract

A study by Global Trade Research Initiative (GTRI) predicts that India's 12% safeguard duty on certain steel imports will halt most imports, forcing buyers to shift to domestic suppliers. The high threshold values could lead to price hikes, as domestic steel producers may exploit the policy to increase prices further. This trend is already evident with an 8-10% price increase in recent months.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖