The Indian Construction Equipment Manufacturers Association (ICEMA) has raised concerns over the proposed 12% safeguard duty on imports of non-alloy and alloy steel flat products. The industry, valued at around USD 9.5 billion, is crucial for infrastructure development and supplying advanced machinery. Steel critical raw.
material in construction equipment manufacturing, and a sudden restriction on imports could severely affect downstream industries. The initiation of the safeguard duty discussion has already caused market disruptions, with steel prices increasing sharply. Implementing the duty could further escalate steel prices, equipment.
Forcing manufacturers to pass on the increased costs to consumers. The imposition of additional duties could exacerbate these challenges and undermining the CE industry’s export potential The Construction Equipment (CE) industry is calling on the government to conduct a thorough and transparent assessment of the proposed.
Safeguard duty, ensuring that it balances supporting domestic steel production with preserving the health of downstream industries critical to nation-building. The government should engage in broader consultations with key user industries, such as construction equipment manufacturing, to craft a sustainable and forward.
Looking solution that fosters industrial growth and long-term economic progress. The CE industry remains committed to working closely with policymakers to ensure that any decision made promotes India’s domestic capabilities while safeguarding the interests of industries vital to the country’s development trajectory Terex, world.
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New Delhi, April 2025 — The Indian Construction Equipment Manufacturers Association (ICEMA) has voiced serious concerns over the government’s proposed imposition of a 12% safeguard duty on steel imports, warning that the move could significantly impact the construction equipment industry by escalating input costs and disrupting the pace of infrastructure development for sectors heavily reliant on.
The proposed duty, under consideration by the Ministry of Commerce and Industry, aims to protect domestic steelmakers from surging imports, particularly from countries with excess production capacity. However, industry stakeholders argue that such protectionist measures could have unintended consequences, especially.
“Steel constitutes nearly 40–45% of the total cost of manufacturing construction equipment. The imposition of a 12% safeguard duty on imported steel will lead to a sharp increase in production costs,” said Sandeep Singh, President, ICEMA. “This would not only erode our global competitiveness but also threaten the viability of ongoing infrastructure projects that are already operating on tight margins.”
ICEMA, which represents key players in the construction equipment sector including JCB, L&T, Tata Hitachi, and Volvo CE, has submitted a detailed representation to the government, urging a re-evaluation of the proposed safeguard duty. The association has called for a balanced policy approach that safeguards both domestic ICEMA.
Construction has raised concerns over the proposed 12% safeguard duty on steel imports, warning it could raise equipment costs and hinder India’s infrastructure and construction sector growth steelmakers and downstream industries The Indian Construction Equipment Manufacturers Association (ICEMA) has expressed serious.
Concerns over the proposed 12% safeguard duty on steel imports. The industry body warns that the move could significantly increase manufacturing costs for across India construction equipment, reduce global competitiveness, infrastructure projects.
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