In order to protect the domestic players and to discourage cheap imports, the government has imposed anti-dumping duty on certain varieties of steel products exported to India from China. As per a government notification, the duty will be in the range of $44.89 to $185.51 per tonne and will be effective for a period of five years.
The Directorate General of Trade Remedies (DGTR) which ensures a level playing field to the Domestic Industry against the adverse impact of the unfair trade practices, in its anti-dumping investigation concluded that dumped imports of 'straight length bars and rods of alloy steel' from China have increased in absolute terms during the period of probe (2016-17). It further added that the domestic industry has suffered material injury as the goods have been exported to India from the China below normal value.
JSW Steel, Sunflag Iron & Steel, Usha Martin, Gerdau Steel India, Vardhman Special Steels and Jayaswal Neco Industries had jointly filed an application before DGTR for initiation of investigations and levying of anti-dumping duties on some steel products.