India Imposes 12% Tariff on Steel Imports:
The Government of India has announced the imposition of a 12% provisional safeguard duty on select categories of steel imports. The decision, which came into effect on April 21, 2025, is aimed at countering a surge in low-cost steel imports, especially from China, South Korea, and Japan. The move is being seen as a response to growing concerns within the industry about unfair competition and market distortion.
