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Govt proposes 12 pc safeguard duty to protect steel industry from dumping cheap imports

New Delhi, March 19: India's Directorate General of Trade Remedies (DGTR) has recommended a 12 per cent safeguard duty on some steel products to protect the country's domestic industry from a surge in dumping of cheap imports from countries like China, South Korea and Vietnam, due to the sharp increase in US tariffs announced by the Donald Trump administration.