India Imposes Anti-Dumping Duty On 47 Steel Products For 5 Years

According to a government statement, India has imposed anti-dumping duty on 47 steel products, reported a leading English daily.

A series of protection measures announced by the government led India’s steel imports to drop 38% year-on-year basis between April 2016 and January, according to the government data.

The anti-dumping duty is levied on hot-rolled flat products of alloy or non-alloy steel, originating in or exported from China, Japan, Korea, Russia, Brazil and Indonesia, the statement, issued late on Thursday, said.

An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

Dumping is a process where a company exports a product at a price lower than the price it normally charges on its own home market.

For Quick Trial – 8962000225 ✔
or mail us here:
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 
Share on Google Plus Share on Pinterest

About Suhani Varma

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.