India, Dec. 31 -- India has imposed a three-year import duty of 11-12 per cent on some steel products, as per an order issued by the finance ministry, in a move seen as an attempt to curb the inflow of low-priced steel from China.

As per the order published in the official government gazette, the tariff will be set at 12 per cent in the first year. It will then be reduced to 11.5 per cent in the second year and further lowered to 11 per cent in the third year.

India has been facing a rise in cheap steel imports from China, which has raised concerns over dumping practices and put pressure on local steel manufacturers.

The "recent, sudden, sharp, and significant increase in imports of subject goods into India has caused and threatens to ...