The Centre Tuesday imposed anti-dumping duty on imports of certain type of steel products from China, Vietnam, Korea for a period of five years to safeguard domestic manufacturers from cheap imports.
According to a government notification dated June 23, the duty was imposed after the Commerce Ministry’s investigation arm Directorate General of Trade Remedies (DGTR), in its probe, concluded that product which are originated or exported from these countries are below its associated normal value, which resulted in dumping and is hurting domestic industry.
The duty imposed is in the range of $13.07 per tonne to $173.1 per tonne on imports of ‘’flat-rolled product of steel, plated or coated with alloy of Aluminium and Zinc’ from these three countries. This was a long-pending demand from the domestic steel players since last two years.
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