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India Implements 5-Year Anti-Dumping Duties on Chinese Steel Imports

In a significant development, the Indian government has announced the imposition of anti-dumping duties on select Chinese steel products for a duration of five years, effective from Monday, September 11.

The move comes in response to growing concerns within the Indian steel industry regarding the dumping practices of Chinese traders. As part of its ongoing efforts, Indian Steel Minister expressed concerns on September 4 about the influx of steel imports into India, particularly from China.

During the period from April to July, China emerged as India’s second-largest steel exporter, trailing only South Korea. During this time frame, Chinese traders sold a substantial 600,000 tonnes of steel to India, marking an impressive 62% surge compared to the same period in the preceding year.

Taking a broader view, India’s total imports of finished steel for the months of April to July reached a significant 2 million tonnes. This figure represents the highest import volume since 2020, marking a notable increase of 23% compared to the corresponding period in the previous year.

China, renowned as the world’s leading steel producer, primarily exports cold-rolled steel coils and sheets to India. This strategic move to impose anti-dumping duties underscores India’s commitment to safeguarding its domestic steel industry, while addressing the challenges posed by heightened steel imports from China.

The decision to levy these duties for a five-year period reflects India’s dedication to maintaining a level playing field in the steel sector, as it navigates the complex dynamics of the global steel trade.

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