In a bid to protect the domestic steel industry from rising imports, the Indian government has introduced a 12% safeguard duty on certain alloy and non-alloy steel flat products. The move has been applauded by the Union Minister as a necessary step to relieve the pressure on local manufacturers, especially small and medium enterprises (SMEs), who have been grappling with market distortions caused by a surge in foreign steel imports. The safeguard duty is expected to provide a level playing field for Indian steel producers and help safeguard the interests of the domestic industry. This decision comes amidst increasing concerns about the impact of cheap imports on the Indian steel sector, which has been struggling to compete with foreign players. By imposing the safeguard duty, the government aims to support and promote the growth of the domestic steel industry, ensuring its sustainability and competitiveness in the global market. Industry experts have welcomed the move, stating that it will help protect the interests of local steel manufacturers and contribute to the overall development of the sector. The implementation of the safeguard duty is seen as a proactive measure by the government to address the challenges faced by the Indian steel industry and foster its long-term growth and stability.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a bid to protect the domestic steel industry from rising imports, the Indian government has introduced a 12% safeguard duty on certain alloy and non-alloy steel flat products. The move has been applauded by the Union Minister as a necessary step to relieve the pressure on local manufacturers, especially small and medium enterprises (SMEs), […]<\/p>\n","protected":false},"author":0,"featured_media":102467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120492531imgsize-1523474-2.jpg",1280,720,false]},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/102466"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=102466"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/102466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/102467"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=102466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=102466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=102466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}