India imposes tariff on some steel products for three years to curb cheap imports

Dec 30 (Reuters) - India imposed a three-year import tariff of between 11% and 12% on some steel products on Tuesday aimed at primarily curbing shipments from China.

The levy, locally known as a safeguard duty, will be imposed at 12% in the first year, followed by 11.5% in the second year and then 11% in the third year.