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Home Latest Update

India imposes anti-dumping duty on select Chinese steel for 5 years

The Centre has imposed an anti-dumping duty on some Chinese steel for five years.

Agencies by Agencies
September 12, 2023
in Latest Update
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India imposes anti-dumping duty on select Chinese steel for 5 years
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New Delhi, Sep 12 : The Centre has imposed an anti-dumping duty on some Chinese steel for five years.

The decision was taken after it was found that Chinese exporters were exporting steel products to other countries at a highly reduced price, sources said.

The decision was announced through a notification late on Monday evening by the finance ministry.

Last week, the steel ministry had said that it was monitoring the steel imports after it had received complaints of dumping of cheap Chinese steel products in India.

China was the biggest exporter of steel to India followed by South Korea during the April-July period of the current fiscal.

China mainly exports sheets or cold-rolled coils to India. It is also the world’s top steel producer.

Agencies

Agencies

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The publication of “Kashmir Horizon” as an English daily was started with a modest attempt on May 19, 2008.It has been a Himalayan attempt for “The Kashmir Horizon” to survive the challenges posed to journalism in the violence fraught place like Jammu & Kashmir.

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