GTRI: 12 pc safeguard duty on steel may halt imports; raise domestic prices, hit MSMEs
- Posted on April 22, 2025
- By Financial Express
- 4 Views
GTRI: 12 pc safeguard duty on steel may halt imports; raise domestic prices, hit MSMEs
It said since Indian producers can not meet demand for specialised steels like abrasion-resistant plates, imports are essential but the new safeguard duty could raise input costs by 8-10 per cent, just like the recent hikes by local steel mills.
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