Imposition of 12% Safeguard Duty on Steel Imports Raises Alarm in Indian Construction Equipment Industry
New Delhi, April, 2025.The Indian Construction Equipment (CE) industry has raised strong concerns following the government’s announcement of a 12% safeguard duty on imports of non-alloy and alloy steel flat products. The decision, which aims to protect domestic steel producers, is expected to significantly disrupt the supply chain and cost structures within the construction equipment manufacturing sector—a vital contributor to India’s infrastructure growth.Valued at approximately USD 9.5 billion, the Indian CE industry is the third-largest in the world, after the United States and China. It plays a pivotal role in nation-building by delivering high-performance machinery essential for infrastructure projects including roads, railways, bridges, and urban development.Steel: A Crit...
