Govt to levy anti-dumping tax on some cold-rolled steel products

An Indian government body has recommended provisionalanti-dumping duty on imports of cold-rolled steel products, a government statement said on Thursday, to protect domestic mills.
The Directorate General of Anti Dumping recommended atax of up to $594 a tonne on steel products from China, Japan, South Korea and Ukraine, the statement said.
Indian steelmakers such as the Steel Authority of India, JSW Steel, and Essar Steel had lobbied for protectionist measures to prevent cheap overseas purchases that were undercutting local mills and squeezing margins.

http://www.business-standard.com/article/economy-policy/govt-to-levy-anti-dumping-tax-on-some-cold-rolled-steel-products-116080400553_1.html

Leave a Reply

Your email address will not be published. Required fields are marked *