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India will not impose steel safeguard duty

India will not impose steel safeguard duty
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First Published: Wed, May 20 2009. 10 40 AM IST
Updated: Wed, May 20 2009. 10 40 AM IST
Mumbai: The Union government will not impose a temporary duty on steel imports, steel secretary Pramod Rastogi said on Tuesday at an industry conference in Mumbai.
Steel makers had sought a so-called safeguard duty of 25% in addition to the existing levy of 5% to curtail imports.
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First Published: Wed, May 20 2009. 10 40 AM IST