India to Impose 12% Temporary Tariff on Steel Imports to Counter Surge from China

• 23 April 25

India to Impose 12% Temporary Tariff on Steel Imports to Counter Surge from China

The Indian government is reportedly planning to introduce a 12% temporary tariff on steel imports, targeting a spike in low-cost steel shipments from China and other countries. This move is intended to protect domestic steel manufacturers from price undercutting and ensure market stability.

🔹 Key Highlights:

• The surge in cheap steel imports, particularly from China, has raised concerns among Indian producers.

• The proposed tariff is aimed at safeguarding local industries and restoring competitive balance.

• The decision follows rising pressure from industry stakeholders urging government intervention.

🔹 Implications:

• Potential cost increases in sectors relying on imported steel, such as infrastructure, construction, and manufacturing.

• Businesses may need to reassess procurement strategies and inventory planning in light of the tariff.

• Possible ripple effects across global trade relations and supply chains.

📌 This development underscores the importance of staying informed about evolving trade and import policies that directly impact industrial and financial planning.