Archive · 1 Jan 2026
Govt Extends Steel Import Duties
The Indian government has decided to keep extra taxes on steel imports for three more years.
These taxes, called safeguard duties, will be 12% for the first year, then 11.5% for the second year, and 11% for the third year.
This is to stop other countries like China from selling too much cheap steel in India, which can hurt Indian steel companies.
After this news, the stocks of many Indian steel companies, like JSW Steel and Jindal Steel, went up.
The government hopes this will help Indian steel companies do better and keep the market stable.
Government extended safeguard duties on steel imports for three years.
Duty rates: 12% (Year 1), 11.5% (Year 2), 11% (Year 3).
Aim is to curb dumping from countries like China and protect domestic manufacturers.
Steel stocks rose, with JSW Steel up 4.89% and Jindal Steel up 2.75%.
Naveen Jindal, Chairman of Jindal Steel, supports the measure for market stability.
- Who
- Indian Government
- What
- Extended safeguard duties on steel imports
- When
- April 2025 to April 2028
- Where
- India
- Why
- To curb dumping and protect domestic manufacturers
- Duration of Safeguard Duty
- 3 years (April 2025 to April 2028)
- Duty Rates
- 12% (Year 1), 11.5% (Year 2), 11% (Year 3)
- Initial Temporary Duty
- 12% for 200 days (April 2025)
- Affected Countries
- China, Japan, Korea, Vietnam
- Impact on Stocks
- Steel stocks rise up to 5%
- JSW Steel Increase
- 4.89%
- SAIL Increase
- 4.18%
- Jindal Steel Increase
- 2.75%
Sources
Steel stock to buy: Jindal Steel shares up 3%; Axis Securities sees upside in 3 6 months
Safeguard duty: Tata Steel, Jindal Steel top metal stock picks, says Antique
Govt extends safeguard duties on imports of steel products for 3 yrs
Steel stocks rise to 5%
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