Anti-dumping duty imposed on Vietnam steel for five years

[ad_1] New Delhi: India has imposed an anti-dumping duty on steel exported from Vietnam. The move is targeted at plugging the rerouting of Chinese steel through Vietnam, according to sector watchers. The notification states an anti-dumping duty of $121.55 per tonne on hot-rolled flat products of alloy or non-alloy steel for five years.The order exempts steel manufactured by Hoa Phat Dung Quat Steel JSC from the duty. An investigation conducted by the Directorate General of Trade Remedies (DGTR) concluded that the product had been exported to India at a price below its normal value. The notification said "the domestic industry has suffered injury as a result of dumped imports; there is also a threat of further aggravated injury to the domestic industry, if anti-dumping duty is not imposed on import of subject goods from subject country".The DGTR had initiated an investigation on a complaint filed by the Indian Steel Association on behalf of domestic producers JSW Steel Limited and ArcelorMittal Nippon Steel India. The investigation was carried out between January 2023 and March 2024. Live EventsThe product under consideration is used in automotive, oil and gas line pipes, exploration, cold-rolled steel products, pipe manufacturing, general engineering and fabrication, construction, capital goods, process equipment for cement, fertiliser, refineries and earth-moving. [ad_2] Source link Follow Us: https://facebook.com/gagab2b https://youtube.com/gagab2b https://gagab2b.com https://gagab2b.com/import-export-news/import-export-india-news/anti-dumping-duty-imposed-on-vietnam-steel-for-five-years/?feed_id=3679&_unique_id=69291305845d7

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