Overview
- The safeguard duty runs from April 21, 2025 to April 20, 2028 with rates stepping down from 12% in year one to 11.5% and then 11%.
- Covered products include hot- and cold-rolled coils, sheets and plates, as well as metallic and colour-coated flat steel, while stainless steel is excluded.
- Imports from China, Vietnam and Nepal fall under the tariff’s scope.
- Shares rose on Wednesday, with JSW Steel up nearly 5%, Tata Steel about 2–3%, SAIL over 4%, Jindal Steel roughly 2–4%, and the BSE Metal index up around 1.5%.
- Traders expect stronger pricing power for domestic mills after the regulator cited a sharp rise in import volumes that caused or threatened injury.