jindal steelIndia's Directorate General of Trade Remedies (DGTR) has initiated a safeguard investigation concerning imports of non-alloy and alloy steel flat products. This action typically arises when there is concern that increased imports of a particular product are causing or threatening to cause serious injury to domestic producers in that sector.
In this context, "non-alloy and alloy steel flat products" refer to a category of steel products that are flat in shape and can be either non-alloy (made from iron and carbon, without significant amounts of other elements) or alloy (containing additional elements that enhance certain properties).
The safeguard probe will assess whether the surge in imports is indeed causing harm to local manufacturers. If the investigation finds a significant negative impact on domestic producers, the DGTR may recommend protective measures, such as tariffs or quotas, to help stabilize the domestic market and preserve jobs within the industry.
This move is part of a broader strategy to protect local industries from unfair competition and ensure sustainable growth
