India may impose anti-dumping duty on steel products from EU, Japan, US

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market

India may impose anti-dumping duty on imports of certain steel products from the European Union, Japan, the US and Korea for five years with a view to guard domestic players from cheap imports from these countries.

JSW Vallabh Tinplate Pvt Ltd and The Tinplate Company of India Ltd have filed the application for imposition of anti-dumping duty on imports of coated/plated tin mill flat-rolled steel products.

After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has recommended imposition of the anti-dumping duty on the product from these countries.