India Imposes 12 Per Cent Safeguard Duty on Steel Imports

24 Apr 2025 CW Team

The Central Government has imposed a twelve per cent safeguard duty for 200 days on five categories of imported steel products following a recommendation by the Directorate General of Trade Remedies (DGTR). The move aims to protect domestic producers from a significant surge in imports.

The duty will apply to imports priced below USD 675 to USD 964 per tonne for product categories including hot rolled coils, plates, cold rolled coils, and coated and colour-coated sheets. Imports at or above these prices will be exempt. The DGTR investigation began in December last year following complaints by the Indian Steel Association, representing major producers like JSW Steel, Steel Authority of India Limited, and ArcelorMittal Nippon Steel India. It found a sudden increase in imports鈥攆rom 2.293 million tonnes in 2021鈥�22 to 6.612 MnT between October 2023 and September 2024.

Welcoming the decision, Union Steel Minister H.D. Kumaraswamy said it would provide relief to small and medium enterprises. Indian Steel Association President Naveen Jindal called the duty a vital step towards market stability and self-reliance. However, MSME exporters and industry bodies like the Federation of Indian Export Organisations (FIEO) have criticised the move, warning it will raise input costs and reduce the global competitiveness of Indian products.

Source: PTI

Real Estate

15 May 2025

CCI Clears Knowledge Realty REIT's Acquisition of Blackstone, Sattva Units

The Competition Commission of India has approved the acquisition by Knowledge Realty Trust of various entities linked to the Blackstone Group and/or Sattva Group.The proposed transaction involves the direct and indirect acquisition by Knowledge Realty Trust鈥攁cting through its manager, Knowledge Realty Office Management Services Private Limited (formerly Trinity Office Management Services Private Limited)鈥攐f a number of target entities. These include companies solely owned by Blackstone, others by Sattva, and some jointly held by both groups. In exchange for this acquisition, the existing s..

Infrastructure Urban

15 May 2025

CCI Approves Indorama鈥檚 24.9 per cent Stake Buy in EPL Limited

The Competition Commission of India has approved the proposed acquisition of a 24.9 per cent equity stake in EPL Limited by Indorama Netherlands B.V.The transaction involves Indorama Netherlands B.V., a private limited liability company incorporated in the Netherlands and an indirect subsidiary of Indorama Ventures Public Company Limited, acquiring nearly a quarter of EPL Limited鈥檚 share capital.EPL Limited operates in the packaging sector, specialising in the manufacture and sale of laminated and extruded plastic tubes.A detailed order from the Commission is expected to be issued shortly. ..

Infrastructure Urban

15 May 2025

IWAI Opens Srinagar Office to Boost River Transport

In a significant development for the Inland Water Transport (IWT) sector in the Union Territory of Jammu and Kashmir, the Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has established a new office at Srinagar鈥檚 Transport Bhawan. The premises have been provided by the Jammu and Kashmir government, and the office will be operational from today. It will serve as the hub for all IWT-related projects in the region.IWAI has entered into a Memorandum of Understanding (MoU) with the Union Territory鈥檚 government to develop inland navigation infrast..