Report Period: April 7 โ 14, 2026
Coverage: India
๐ 3 Core Insights
- ๐ย Indiaโs safeguard duty on flat steel steps down to 11.5% on April 21, 2026ย โ The 12% duty on HRC, CRC and HDG will drop to 11.5% for the second year. Imports above $675-964/t CIF face no duty. Importers have a narrow window before the rate change. [2โ L4-L7]
- ๐ย BIS exemption for stainless steel flat products extended to September 30, 2026ย โ The waiver covers IS 6911, IS 5522 and IS 15997 (200 and 300 series). This maintains the import window for stainless steel suppliers. [2โ L37-L39]
- ๐ย Domestic HRC prices softened INR 400/t w-o-w to INR 59,300/t ($637/t) on subdued demandย โ Mills had raised list prices earlier in April, but trade-level prices corrected lower. Imported HRC remains INR 5,000-6,000/t more expensive due to 12% safeguard duty and freight. [19โ L17-L24]
๐ก What You Get in the Full Report
For Procurement Managers (Buyers)
- CFR India landed cost model including safeguard duty and MIP thresholds
- BIS QCO exemption tracker (stainless steel flat products until Sep 30, 2026)
- DGTR anti-dumping sunset review updates (seamless pipes, PTFE)
- India domestic spot prices (HRC, CRC, rebar, billet, sponge iron) from BigMint
- Iron ore price trends (NMDC/OMC auctions) and raw material cost analysis
For Export Sales Managers (Sellers)
- Iran capacity loss (13-15 million tpy) โ export opportunities for semi-finished steel to Southeast Asia
- Safeguard duty step-down (12% โ 11.5% on April 21) โ timing strategy for HRC exports to India
- CBAM carbon cost impact (โฌ75.36/tCOโe) on Indian steel exports to Europe
- Indiaโs 35.9% export surge in FY2025-26 โ key destination markets and product gaps
- USD/INR hedging guidance and port congestion updates
๐ฅ Ready to make smarter steel decisions in India?
Download the complete South Asia (India) Steel Weekly Reportย โ covering price benchmarks, trade policy alerts, BIS/QCO updates, DGTR case tracking, and actionable buy/sell advice.
๐ง amy@amyinsights.com
๐ amyinsights.com
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