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India imposes anti-dumping duty on certain varieties of steel products from China

19 Oct 2018 Evaluate

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.
 

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