Govt plans to not impose anti-dumping duty on specific steel products
Steel

Govt plans to not impose anti-dumping duty on specific steel products

The government has decided not to inflict anti-dumping duty on specific steel products being imported from nations such as Japan, China, and Korea, since the finance ministry has not accepted the suggestions of the directorate general of trade remedies (DGTR).

The commerce ministry's investigation arm DGTR had held an investigation against imports of Non-Alloy Steel or Cold Rolled or cold reduced flat steel products of iron or other Alloy Steel of all width and thickness - not clad, plated or coated and Hot Rolled flat products of alloy or non-alloy steel, following complaints listed by domestic manufacturers of the products.

On both these types of steel, the directorate on September 14, 2021, had suggested the imposition of definitive anti-dumping duties.

While DGTR suggests the duty, the Department of Revenue takes the final call to charge the duties.

In separate office memorandums, the department has told the media that the central government, after considering the final findings of the designated authority (DGTR), has chosen not to accept the suggestions.

The directorate had achieved in its findings that cold-rolled products are being dumped by firms from Japan, China, Korea and Ukraine; and hot-rolled goods are dumped from Japan, China, Russia, Korea, Brazil and Indonesia.

India has a free trade agreement with Korea and Japan. In international trade parlance, dumping happens when a nation or a firm exports an item at a cost lower than the cost of that product in its domestic market.

Dumping influences the cost of that product in the importing nation, hitting the margins and profits of manufacturing companies.

As per the global trade standards, a nation is allowed to inflict tariffs on such dumped products to render a level-playing field to domestic producers.

The duty is inflicted only after a thorough inquiry by a quasi-judicial body, like DGTR, in India.

The imposition of anti-dumping duty is permitted under the World Trade Organisation (WTO) regime. The duty is strived at guaranteeing fair trading practices and forming a level-playing field for domestic manufacturers vis-a-vis foreign manufacturers and exporters.

Image Source

Also read: DGTR recommends anti-dumping duty on aluminium imports

The government has decided not to inflict anti-dumping duty on specific steel products being imported from nations such as Japan, China, and Korea, since the finance ministry has not accepted the suggestions of the directorate general of trade remedies (DGTR). The commerce ministry's investigation arm DGTR had held an investigation against imports of Non-Alloy Steel or Cold Rolled or cold reduced flat steel products of iron or other Alloy Steel of all width and thickness - not clad, plated or coated and Hot Rolled flat products of alloy or non-alloy steel, following complaints listed by domestic manufacturers of the products. On both these types of steel, the directorate on September 14, 2021, had suggested the imposition of definitive anti-dumping duties. While DGTR suggests the duty, the Department of Revenue takes the final call to charge the duties. In separate office memorandums, the department has told the media that the central government, after considering the final findings of the designated authority (DGTR), has chosen not to accept the suggestions. The directorate had achieved in its findings that cold-rolled products are being dumped by firms from Japan, China, Korea and Ukraine; and hot-rolled goods are dumped from Japan, China, Russia, Korea, Brazil and Indonesia. India has a free trade agreement with Korea and Japan. In international trade parlance, dumping happens when a nation or a firm exports an item at a cost lower than the cost of that product in its domestic market. Dumping influences the cost of that product in the importing nation, hitting the margins and profits of manufacturing companies. As per the global trade standards, a nation is allowed to inflict tariffs on such dumped products to render a level-playing field to domestic producers. The duty is inflicted only after a thorough inquiry by a quasi-judicial body, like DGTR, in India. The imposition of anti-dumping duty is permitted under the World Trade Organisation (WTO) regime. The duty is strived at guaranteeing fair trading practices and forming a level-playing field for domestic manufacturers vis-a-vis foreign manufacturers and exporters. Image Source Also read: DGTR recommends anti-dumping duty on aluminium imports

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?