India imposes provisional anti-dumping duty on some steel products – Feedback

India imposed a provisional anti-dumping duty on imports of hot-rolled steel products from China, a government statement said on Thursday, to reduce overseas purchases of the alloy and shield local mills.

The anti-dumping duty has been levied for six months, the notification said. Domestic steelmakers such as Steel Authority of India, JSW Steel and Tata Steel had lobbied for protectionist measures to prevent cheap overseas purchases that were undercutting local mills and squeezing margins.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *