Govt imposes anti-dumping duty on certain Chinese steel products
October 10th, 2017
The Union Finance Ministry has imposed anti-dumping duty on imports of certain steel wire rods from China for five years to guard interest of domestic players from cheap in-bound shipments. The duty will be difference between landed value of steel products and US $535 per tonne while for others, it should be gap between landed value and US $546 per tonne. Steel wire rod products are used in many sectors such as automotive components, railway, engineering and construction.