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India imposes three-year tariff on some steel products after ‘sudden, sharp’ increase in imports – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

India imposes three-year tariff on some steel products after ‘sudden, sharp’ increase in imports

India imposes three-year tariff on some steel products after ‘sudden, sharp’ increase in imports

The federal steel ministry has repeatedly said ‍it does not want the domestic steel industry to face injury due to ‍cheap imports and sub-standard products. File
| Photo Credit: Reuters

India has imposed a three-year import tariff ​of between 11% and 12% on ‌some steel products, according to ​a finance ministry order published on Tuesday (December 30, 2025), as the government aims to curb cheap shipments from China.

The levy, locally known as a safeguard duty, will be imposed at 12% in the ​first year followed by 11.5% in ⁠the second year and then 11% in the third year.

The measure, which was published on ​the official government gazette, ⁠excludes imports from certain developing countries, though China, Vietnam, and Nepal will be subject to the levy. It also ‌will not apply to specialty steel ‌products such as stainless steel.

The federal steel ministry has repeatedly said ‍it does not want the domestic steel industry to face injury due to ‍cheap imports and sub-standard products.

The government imposed a temporary 200-day tariff of 12% in April.

The Directorate General of Trade Remedies recommended the three-year duty after finding a “recent, sudden, sharp and significant increase in imports … causing and threatening to cause serious injury ⁠to the domestic industry”, the order said.

U.S. President Donald Trump’s ​import tariffs on steel have fuelled a ⁠wave of trade friction over Chinese steel, with countries including South Korea and Vietnam imposing anti-dumping levies earlier this year.

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