China, the world’s top steel producer, exported mostly cold- rolled coil or sheets to India
(Reuters) – India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification.
On Sept 4, India’s steel secretary, Nagendra Nath Sinha, said New Delhi was monitoring the steel imports situation after the steel industry raised concerns over potential dumping by Chinese sellers.
During April-July, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62% from the same period a year earlier.
In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier.
China, the world’s top steel producer, exported mostly cold- rolled coil or sheets to India.
Â
(Reporting by Shivani Tanna and Mayank Bhardwaj; Editing by Chris Reese and Leslie Adler)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Sep 11 2023 | 11:44 PM IST
