This Article is From Sep 12, 2023

India Imposes Anti-Dumping Duty On Some Chines Steel For 5 Years

India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification.

Advertisement
India News

During April-July, China was the second biggest steel exporter to India, after South Korea.

New Delhi:

India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification.

On Sept 4, India's steel secretary, Nagendra Nath Sinha, said New Delhi was monitoring the steel imports situation after the steel industry raised concerns over potential dumping by Chinese sellers.

During April-July, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier.

Advertisement

In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier.

Advertisement

China, the world's top steel producer, exported mostly cold- rolled coil or sheets to India.

Advertisement

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Featured Video Of The Day

Poll Rules Tweak Makes Electronic Records Harder To Get, Sparks Row

Advertisement