MSMEs to get steel at export parity prices despite safeguard tariff hike

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The story "MSMEs to get steel at export parity prices despite safeguard tariff hike" was covered 5 hours ago by Business Standard, a news publisher based in India.

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MSMEs to get steel at export parity prices despite safeguard tariff hike - Business Standard

Quick Summary:

The steel industry has agreed to supply the metal to micro, small and medium enterprises (MSMEs) at rates on par with export prices, a top government official said on Tuesday, allaying concerns that a safeguard duty imposed on certain import products will have adverse impact on small enterprises.

The government on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports.

If imports arrive at a value lower than the threshold, the duty becomes applicable.