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India to levy provisional anti-dumping tax on some cold-rolled steel products
08/08/2016 12:00
An Indian government body has recommended provisional anti-dumping duty on imports of cold-rolled steel products, a government 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.
Indian steelmakers such as the 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.
(Reporting by Sankalp Phartiyal; Editing by Malini Menon)
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.
Indian steelmakers such as the 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.
(Reporting by Sankalp Phartiyal; Editing by Malini Menon)
Source Reuters
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