India’s steel imports (excluding stainless steel) in 11MFY’25, steel imports touched 8.3 million tonnes (mnt), a 10% increase from 7.5 mnt recorded in 11MFY’24. India’s steel imports seem poised to decline, with the Directorate General of Trade Remedies (DGTR) recommending a 12% safeguard duty on flat steel shipments for 200 days. While it would take the Finance Ministry’s ratification for the duty to get implemented, HRC imports will certainly fall due to unviability in comparison with domestic prices.
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