<ul><li>AMNS India's Ranjan Dhar urges the Centre to take swift action on steel safeguard duty to prevent market disruption and instill confidence in steel producers for future investments.</li><li>The Director General of Trade Remedies (DGTR) has recommended a 12 percent safeguard duty on steel imports, which is currently under consideration by the Finance Ministry. The implementation of this measure will help in assessing its effectiveness.</li><li>Imports of steel have shown a decline since the suggestion for safeguard duty. In February, steel imports decreased by over 30 percent and continued to decline in March.</li><li>The Indian steel industry, facing the threat of dumping from China, seeks margin protection and continuation of investment to support capacity expansion and profitability.</li></ul>

Centre must act swiftly on steel safeguard duty, says AMNS India’s Ranjan Dhar

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