INDIA August 19 2016 3:56 PM
NEW DELHI (Scrap Register): Anti-dumping duty has been imposed by India on certain cold-rolled flat steel products from different countries to protect the domestic industry from cheap imports.
According to Finance Ministry notification, anti-dumping duty of the difference between the landed value of the steel products and $594 per tonne will be levied.
Duty has been imposed to four nations including China, Japan, South Korea and Ukraine. The anti-dumping duty was imposed on recommendation of the Directorate General of Anti Dumping (DGAD).
The anti-dumping duty imposed to the countries would be for six months for cold-rolled flat products of alloy or non-alloy steel.
Earlier India had imposed anti-dumping duty on import of hot-rolled flat products of alloy or non-alloy steel from China, Japan, Korea, Russia, Brazil and Indonesia.