Business Standard

No minimum import price extension for 19 products: steel secretary

Image

Reuters MUMBAI

MUMBAI (Reuters) - There will be no minimum import price extension for 19 steel products, India's steel secretary Aruna Sharma told television channel ET Now on Monday.

She said the government is gradually moving from minimum import price to the WTO-compliant anti-dumping duty.

Minimum import prices are short-term emergency measures while anti-dumping duty is a long-term measure, she said, adding that she expects to see steel prices stabilising from the current levels.

(Reporting by Swati Bhat; Editing by Sherry Jacob-Phillips)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 06 2017 | 10:21 AM IST

Explore News