Summary:

Mr. Piyush Goyal, Union Minister of Commerce and Industry, highlighted measures to protect India’s steel sector from unfair dumping and predatory pricing during the Steel India 2025 event. He acknowledged India’s growing importance in global steel demand and praised its efficient, highquality manufacturing. To counter unfair trade practices, a 12% safeguard duty was imposed, while ensuring that exporters and MSMEs continue to access steel at international prices.

He also emphasised India’s commitment to self-reliance (Atmanirbharta) while maintaining openness to global trade. He noted that India aims to meet its expanding domestic and international demand within a competitive framework. His statements reflect the government’s commitment to strengthening and growing the steel sector, ensuring international competitiveness while pursuing national development goals through strategic and balanced trade policies.

Source: IBEF

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