Govt imposes anti-dumping duty on certain Chinese steel products

Centre has imposed anti-dumping duty on imports of steel wire rods from China to protect domestic manufacturers from cheap in-bound shipments. The Department of Revenue in a notification said the duty is being imposed for six months. 

The measure follows recommendation by the Directorate General of Anti-Dumping and Allied Duties that steel wire rods was being exported by China below the normal value and the



domestic industry has suffered material injury because of such imports.

Wire rod of alloy or non-alloy steel finds applications in many sectors such as automotive components, welding electrodes, fasteners, binding wires for construction industry and armoured cables.India has already slapped anti-dumping duty on certain cold-rolled flat steel products from four nations, including China and South Korea.