Don’t miss the latest developments in business and finance.

India imposes anti-dumping duty on 47 steel products for 5 years

Between April 2016 and January, India's steel imports fell 38 per cent year-on-year

steel
Public sector undertakings and government-funded projects account for around one-fifth of India’s steel consumption.
Reuters New Delhi
Last Updated : May 12 2017 | 11:26 AM IST

India has imposed anti-dumping duty on 47 steel products, a government statement said, reinforcing New Delhi's tough stance despite complaints from some of the targeted countries.

Between April 2016 and January, India's steel imports fell 38 per cent year-on-year, data from a government body showed, primarily due to the slew of protection measures announced by the government.

The anti-dumping duty is levied on hot-rolled flat products of alloy or nonalloy steel, originating in or exported from China, Japan, Korea, Russia, Brazil and Indonesia, the statement, issued late on Thursday, said.

Read the complete notification here: http://bit.ly/2qaOCnv

 

 

Also Read

First Published: May 12 2017 | 11:25 AM IST

Next Story