New Delhi, April 22 -- Union Minister of Heavy Industries and Steel H D Kumaraswamy welcomed the decision of the Finance Ministry to impose 12 per cent safeguard duty on on imported steel flat products.

On social media site "X" the minister said "I welcome the 12% safeguard duty on imported steel flat products. This will protect Indian manufacturers, ensure fair competition, and boost domestic industry."

On Monday evening, India announced a temporary 12 per cent tariff on steel product imports with immediate effect. The decision was taken after the US imposed a flat 25 per cent duty on the import of steel and steel products from all countries.

The notification of the finance ministry says the 12 per cent duty on imports to India will b...