Overview
- Rates will step down from 12% in the first year to 11.5% in the second and 11% in the third, according to a Finance Ministry notification.
- The levy covers shipments from China, Vietnam and Nepal, exempts certain developing countries, and excludes speciality steels such as stainless steel.
- The measure takes effect through a government-gazette order and replaces a 12% provisional tariff that lapsed in November 2025.
- Trade regulators cited a recent, sudden and significant rise in imports that caused or threatened serious injury to the domestic steel industry.
- The move aligns with broader protective steps in global steel trade, while China has separately announced lower import tariffs on 935 items from January 1, 2026.