Thursday , October 21 2021

JSW Steel demands 25% safeguard duty on steel imports

JSW Steel has demanded a 25 percent safeguard duty on imports of steel to protect domestic players. Domestic steel sector being impacted due to the ongoing trade war between the US and China. Lot of diversion of steel products is happening into India, affecting domestic industry. In August, import went up and a major part of it was from FTA countries. Most of the countries have taken protectionist measures and domestic steel industry has also been seeking safeguard duty.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

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