In a bid to protect the domestic steel industry from a rise in cheap imports, the Indian government has imposed a 12% safeguard duty on certain alloy and non-alloy steel flat products. This move, supported by the Union Minister, is designed to relieve the strain on local producers, especially small and medium enterprises (SMEs), who are grappling with market disruptions caused by a surge in foreign steel imports. The safeguard duty is intended to provide a level playing field for Indian steel manufacturers and prevent them from being undercut by overseas competitors. The decision comes as a proactive measure to safeguard the interests of the Indian steel sector and ensure its long-term sustainability. The government’s initiative is expected to bolster the competitiveness of domestic steel producers and promote self-reliance in line with the country’s ‘Make in India’ campaign. This move is likely to have a positive impact on the Indian steel industry, fostering growth and creating a more conducive environment for local manufacturers to thrive.