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Anti-dumping duty on steel items extended

Updated: Feb 09, 2017 09:17:25am
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Anti-dumping duty on steel items extended

New Delhi, Feb 9 (KNN) India has extended the anti-dumping duty on certain cold-rolled flat steel products from four nations by two months with the view to protect the domestic industry from cheap imports.

The anti-dumping duty has been extended for products from four nations including China and South Korea.

The duty was imposed on August 17, 2016, for six months on cold-rolled flat products of alloy or non-alloy steel from China, Japan, South Korea and Ukraine.

The anti-dumping duty was imposed on recommendation of the Directorate General of Anti-Dumping (DGAD).

The DGAD has come to the provisional conclusion that "the subject goods have been exported to India from the subject countries below normal value (and) the domestic industry has suffered material injury on account of subject imports from the subject countries," the CBEC had said.

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