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India has introduced an anti-dumping duty of USD 121.55 per tonne on hot rolled flat steel imports from Vietnam for five years. Recommended by the DGTR and notified by the finance ministry, the measure is intended to protect domestic steel manufacturers from low-cost imports that could undercut local production. The duty will remain effective unless amended or revoked earlier. This step is part of India's broader effort to ensure fair trade, stabilize the steel market, and strengthen the competitiveness of local steel producers.
India has imposed an anti-dumping duty of USD 121.55 per tonne on hot rolled flat steel products imported from Vietnam for a period of five years. This move is aimed at protecting domestic steel manufacturers from cheap imports that could affect their competitiveness and market share. Advertisement
The finance ministry issued a notification stating that the duty was recommended by the Directorate General of Trade Remedies (DGTR). The notification clarified that the anti-dumping duty will remain in effect for five years unless it is revoked, amended, or superseded earlier. The government has been monitoring steel imports closely in recent years due to the increasing volume of low-cost steel entering the country, which has put pressure on local producers. By imposing this duty, India is seeking to create a level playing field for domestic manufacturers and reduce the risks associated with unfair trade practices.
The decision follows similar measures taken in the past to curb cheap steel imports from other countries. Domestic steel producers have welcomed such initiatives, as they help stabilize prices and support the growth of local manufacturing. The duty is expected to impact importers from Vietnam, encouraging them to align with fair trade norms and prevent market disruption in India's steel sector.
Source PTI
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