India Plans 3-Year Tariffs on Chinese Steel Imports

India’s trade authority has recommended a three-year safeguard duty of 11–12% on certain steel imports, mainly from China, to protect local producers. The levy would start at 12%, ease to 11.5% in the second year, and 11% in the third, according to a Directorate General of Trade Remedies (DGTR) notice on August 16. “The Authority concludes that there is a recent, sudden, sharp and significant increase in imports,” warning this could cause “serious injury” to India’s steel sector. It added that global steel oversupply, worsened by U.S. tariffs of 50% and similar curbs elsewhere, has left excess stock with producers worldwide. The recommendation follows a temporary 12% tariff imposed in April for 200 days. Separately, Japanese steel groups urged early measures against evasion of anti-dumping tariffs, while U.S. and Asian trade curbs on Chinese steel continue to escalate frictions.