12% safeguard duty on steel products sufficient, will seek more if import create challenges: Naveen Jindal

The proposed safeguard duty of 12 per cent on the import of certain steel products is “sufficient” and the industry will approach the government again if it faces import-related challenges in future, industry leader Naveen Jindal said on Monday.

The Directorate General of Trade Remedies (DGTR) has recommended final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from a sudden jump in inbound shipments.

The duty was recommended by the DGTR in its final findings of a probe initiated on a complaint by the Indian Steel Association. ”We would have liked it to be 25 per cent (safeguard duty). But if in their wisdom, they (DGTR) have recommended 12 per cent…that is sufficient,” Jindal told reporters on the sidelines of ISA Steel Conclave 2025.

When asked if the 12 per cent duty is enough compared to countries like the US, which has imposed tariffs as high as 50 per cent, Jindal said DGTR looks at what kind of injury is happening to the industry before reaching any conclusion. ”We respect that and if there is a problem, then we will again take it up. If we cannot do with it, we will again take it up with the government, with the right authorities,” Jindal, who is the President of the Indian Steel Association (ISA), said.