The Indian Government has said that it may soon impose anti-dumping duty on 19 colour-coated steel products with a view to protect domestic players from cheap inbound shipments and give a fillip to the sector.
As per reports, currently, the Government has imposed minimum import price (MIP) on these 19 products, which are mainly colour-coated steel items, till February 4.
Commenting on the issue, Steel Secretary Aruna Sharma told the media, "The MIP was on 173 items. We have brought it down to 19. Rest of them, we have converted into anti-dumping. Anti-dumping will continue as the evidences are there."
“Anti-dumping investigation is already in the process on these 19 products. These 19 should not circumvent with it therefore we have put it (MIP) at this stage. On that also, we will move on to the anti-dumping route. Before February it should happen," she added.
As per reports, the 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods. For the first time, MIP was imposed in February last year on 173 items. But, later on the number of products were reduced.
As per reports, currently, the Government has imposed minimum import price (MIP) on these 19 products, which are mainly colour-coated steel items, till February 4.
Commenting on the issue, Steel Secretary Aruna Sharma told the media, "The MIP was on 173 items. We have brought it down to 19. Rest of them, we have converted into anti-dumping. Anti-dumping will continue as the evidences are there."
“Anti-dumping investigation is already in the process on these 19 products. These 19 should not circumvent with it therefore we have put it (MIP) at this stage. On that also, we will move on to the anti-dumping route. Before February it should happen," she added.
As per reports, the 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods. For the first time, MIP was imposed in February last year on 173 items. But, later on the number of products were reduced.
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