Need to look at extending safeguard duty, review levy: JSW Steel's Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

The interim safeguard duty of 12 per cent has cushioned the Indian steel industry from cheap imports, but JSW Joint Managing Director and Chief Executive Officer Jayant Acharya tells Ishita Ayan Dutt in an audio interview that tariff uncertainties are leading to trade diversions from Russia and Asean countries, and India needs to wall up to support private capex in steel industry. Edited excerpts:

 

JSW Chairman Sajjan Jindal hinted in the company’s annual report that a long-term solution is required for the industry. What would that be?

 

If you see America, they have been having duties for more than a