NEW DELHI A 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 - the difference between the landed value and $594 a tonne, when the former is less than the latter - 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)
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Published Date: Aug 04, 2016 22:15 PM | Updated Date: Aug 04, 2016 22:15 PM