India imposes anti-dumping duty on some steel imports from Vietnam
Aug 14 (Reuters) - India, the world's second-biggest producer of crude steel, has imposed anti-dumping duty on some steel shipments from Vietnam, the Ministry of Commerce and Industry said.
This comes a year after the ministry initiated a probe on some steel imports from the Southeast Asian country to analyse threats and consequential injury to India's steel sector.
The duty is on some hot-rolled flat products of alloy or non-alloy steel, the ministry said in a notification dated Wednesday.
"Domestic steel industry has suffered injury as a result of dumped imports," it said. "The injury margin is positive and significant."
The ministry flagged further threats to local mills if anti-dumping duties are not levied on other select goods from Vietnam.
In April, India imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.
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Material | Price | Change |
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Stainless Seamless Pipe 304 108*4 mm | $ 2196.65 | 11.34 |
Stainless Scrap 304 Solid | $ 1296.97 | -12.95 |
Stainless Bar 321 60 mm | $ 2197.04 | -13.10 |
Stainless Bar 304 60 mm | $ 1956.28 | -13.25 |
Stainless HR Coil 304/No.1 6.0 mm | $ 1902.08 | -9.39 |