This Article is From Aug 04, 2016

Government To Levy Anti-Dumping Tax On Some Steel Products

Government To Levy Anti-Dumping Tax On Some Steel Products

Steelmakers like SAIL had lobbied for protectionist measures to prevent cheap imports.

New Delhi: A government body has recommended provisional anti-dumping duty on imports of cold-rolled steel products, an official statement said on Thursday, to protect domestic mills.

The Directorate General of Anti Dumping recommended a tax of up to $594 a tonne on steel products from China, Japan, South Korea and Ukraine, the statement said.

Domestic steelmakers such as Steel Authority of India, JSW Steel and Essar Steel had lobbied for protectionist measures to prevent cheap overseas purchases that were undercutting local mills and squeezing margins.
© Thomson Reuters 2016
.