New Delhi, Oct 20 (KNN) In a bid to protect domestic players from cheap imports, India has imposed anti-dumping duties of up to $185.51 per tonne for five years on certain varieties of Chinese steel.

Based on the recommendation of Directorate General of Trade Remedies (DGTR), the revenue department imposed the anti-dumping duty in the range of $44.89 to $185.51 per tonne on import of 'Alloy bars and rods in straight length, whether or not hot rolled, hot drawn, cold drawn, cold extruded, peeled bar, surface machined, polished, bright bar, forged'.

While recommending the anti-dumping duty, DGTR said the goods have been exported to India from the China below normal value and the domestic industry has suffered material injury on account of the imports.

In a notification, it has been said "The anti-dumping duty shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be paid in Indian currency.”

The move was a result of an application filed before DGTR by JSW Steel Ltd, Sunflag Iron & Steel Co, Usha Martin, Gerdau Steel India, Vardhman Special Steels and Jayaswal Neco Industries Ltd for the initiation of investigations and levying of anti-dumping duties on some steel products.

The step has been taken with a purpose to protect domestic industry from unfair trade practices of dumping so as to re-establish a situation of open and fair competition in the Indian market.