Union Minister H D Kumaraswamy thanks PM Modi for decisive leadership under Atmanirbhar Bharat to give relief for domestic producers amid surge in steel imports
New Delhi, NFAPost: Union Minister for Steel and Heavy Industries H D Kumaraswamy welcomed the decision to impose a 12% safeguard duty on the import of certain non-alloy and alloy steel flat products.
This measure is a timely and necessary step to protect domestic steel manufacturers from the adverse impact of import surges and to ensure fair competition in the market.
“This move will provide critical relief to domestic producers, especially small and medium-scale enterprises, who have faced immense pressure from rising imports. The safeguard duty will help restore market stability and reinforce the confidence of the domestic industry,” said Union Minister for Steel and Heavy Industries H D Kumaraswamy.
The Steel Minister also expressed gratitude to the Hon’ble Prime Minister Narendra Modi for his leadership and continued support in strengthening strategic sectors under the vision of Atmanirbhar Bharat.
Union Minister for Steel and Heavy Industries H D Kumaraswamy reiterated that the Ministry remains committed to working with all stakeholders to ensure that the Indian steel sector remains resilient, self-reliant, and globally competitive.
Leave a Reply