Import duty on steel products hiked to check dumping from China

New Delhi, June 18 (KNN) In a bid to check increasing imports, especially from China, the Union Government has hiked the import duty on long steel products and flat steel products. However, the import duty on stainless steel product remains unchanged.
 
According to a notification, the government has increased the duty on long steel, which is used in construction industry, energy and automotive, to 7.5 per cent from 5 per cent.
 
On flat steel products, which are used in automotive, heavy machinery, packaging and appliances, the import duty has been increased to 10 per cent from 7.5 per cent.
 
The move comes just a few weeks after the government imposed anti-dumping duties ranging from USD 180 to USD 316 per tonne on certain industrial grade stainless steel. (KNN Bureau)