Directorate General of Trade Remedies:
Trade Ministry Recommends 12% Duty on Steel Imports Amid ‘Trade Diversion’ Concerns
Reasons for the Proposed 12% Steel Import Duty:
- Global Trade Restrictions: The US imposed a 25% additional tariff on steel imports (effective March 12, 2025), revoking earlier exemptions.
- 129 trade remedy measures have been adopted by the EU, Canada, the UK, and other countries.
- This has led to excess steel being diverted to India, threatening domestic producers.
Overcapacity in Steel-Producing Countries: - Japan, South Korea and China produce steel far beyond their domestic consumption.
- Excess production is likely to flood export markets, undermining Indian steel prices
Directorate General of Trade Remedies (DGTR):
- Established: May 17, 2018 (formerly Directorate General of Anti-Dumping and Allied Duties)
- Nodal Ministry: Department of Commerce, Ministry of Commerce and Industry
- Purpose: Acts as India’s anti-dumping watchdog, ensuring a level playing field for domestic industries against unfair trade practices like dumping, subsidization, and import surges
