New Delhi, July 25 -- The 12 per cent safeguard duty imposed on steel imports has been hailed as a strategic move which will significantly strengthen the domestic steel industry, according to industry leaders.

Industry experts gathered at the India Steel Conclave 2025 held in the national capital on Friday.

Sanjay Singh, Director of Strategy and External Relations at Jindal Steel, highlighted the crucial role the safeguard duty has played in insulating Indian manufacturers from the influx of low-cost steel from foreign markets.

"I mean, 12 per cent of safeguard duty which has been imposed by the Government, that is having a tremendous impact. I have spoken to people in the steel sector, they have given their views that it has provided ...