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India-EU FTA: Stainless steel body seeks safeguards for domestic industry

The Indian Stainless Steel Development Association (ISSDA) on Wednesday described the India–European Union free trade agreement as a significant step in India’s global trade engagement, while cautioning that adequate safeguards will be needed to protect domestic stainless steel producers, PTI reported.India and the EU announced the conclusion of negotiations for the FTA earlier this week….

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Chinese imports: India imposes 12% tariff on steel inflows; aims to curb cheap shipments with safeguards

India rolled out a new trade measure on Tuesday, imposing safeguard duties on certain steel imports for a period of three years. The move comes as a push to protect domestic manufacturers from a surge in low-cost overseas supplies, particularly from China.As per a finance ministry notification, the safeguard duty will stand at 12% in…

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