India, Sept. 9 -- The proposed safeguard duty of 12 per cent on the import of certain steel products is "sufficient" and the industry will approach the government again if it faces import-related challenges in future, industry leader Naveen Jindal said on Monday.

The Directorate General of Trade Remedies (DGTR) has recommended final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from a sudden jump in inbound shipments. The duty was recommended by the DGTR in its final findings of a probe initiated on a complaint by the Indian Steel Association.

"We would have liked it to be 25 per cent (safeguard duty). But if in their wisdom, they (DGTR) have recommended 12 per...