The commerce ministry has said that it has suggested imposition of anti-dumping duty on imports of steel wire rods from China to guard the interest of domestic players from cheap in-bound shipments.
In its initial findings, the directorate general of anti-dumping and allied duties (DGAD) has recommended the duty.
As per reports, DGAD has suggested that for certain Chinese companies, the duty should be the difference between the landed value of the steel products and USD 499 per tonne while for others, it should be the gap between the landed value and USD 538 per tonne.
As per reports, the duty was recommended on imports of 'wire rod of alloy or non-alloy steel', which is used in many applications and sectors such as automotive components, welding electrodes, fasteners, including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry and armoured cables.
In its initial findings, the directorate general of anti-dumping and allied duties (DGAD) has recommended the duty.
As per reports, DGAD has suggested that for certain Chinese companies, the duty should be the difference between the landed value of the steel products and USD 499 per tonne while for others, it should be the gap between the landed value and USD 538 per tonne.
As per reports, the duty was recommended on imports of 'wire rod of alloy or non-alloy steel', which is used in many applications and sectors such as automotive components, welding electrodes, fasteners, including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry and armoured cables.
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