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India: Domestic HRC remains more cost-competitive in India post implementation of safeguard duty

Source: BigMint Feb 11, 2026 10:00

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Safeguard duty raises HRC import costs.Domestic HRC cheaper by INR 3,200/t

BigMint has calculated the impact of the 12% safeguard duty on HRC, which is the largest category that gets imported into India from both FTA and non-FTA countries. The CFR price of HRCs from non-FTA countries is taken at $495/t on 3 February with 7.5% basic customs duty plus

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