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India's Proposed Steel Import Tax Smaller Than Hoped, But 'Better Than Nothing', Steelmakers Say

March 20, 2025 1 min read
author Anamika Mishra, Sub Editor
India’s proposed steel import tax has been met with mixed reactions from steelmakers, who have expressed disappointment over its smaller-than-expected size. The new tax, aimed at curbing the influx of cheap steel imports and boosting domestic production, is seen as insufficient in protecting the domestic steel industry from global price fluctuations. However, industry stakeholders have acknowledged that even a small import tax is a step in the right direction, considering the government’s previous reluctance to impose such measures. Steelmakers argue that the tax should have been higher to effectively protect domestic producers from competition, particularly

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