Steel ministry proposes 25% safeguard duty on import of certain steel items – Business Standard

The Steel Ministry has suggested a 25% safeguard duty on the import of specific steel items. This proposal aims to protect the domestic steel industry from unfair competition. If implemented, this safeguard duty could help boost the production and sales of domestic steel manufacturers. It is important for the government to support and promote the growth of the domestic steel industry to ensure its sustainability and competitiveness in the global market.