Daijiworld Media Network - New Delhi

New Delhi, Nov 13: India has slapped a five-year anti-dumping duty on hot-rolled flat products of alloy and non-alloy steel from Vietnam to shield domestic producers from cheap imports sold below normal prices.

The Department of Revenue’s notification, dated November 12, follows a DGTR investigation that confirmed Vietnamese exports were being sold at unfairly low prices, causing material injury to India’s steel industry.

The duty targets hot-rolled flat steel products up to 25 mm thick and 2,100 mm wide, excluding stainless steel, and amounts to $121.55 per metric tonne for Vietnamese producers as well as non-Vietnamese exporters using Vietnam as a transit point. Payment will be in Indian rupees at the exchange rate on the date of bill entry.

The

See Full Page