Govt probing price of imported steel wire rods from China
The government is probing the price of imported steel wire rods from China to assess whether it should continue with the anti-dumping duty on the item. Indian companies such as RINL, SAIL and JSW have formally stated that the withdrawal of duties would lead to more dumping.
In a gazette notification, the Directorate General of Trade Remedies (DGTR), under the commerce & industry ministry, said: “The domestic producers namely RINL, SAIL and JSW Steel have provided the prescribed information in the application. Further, Tata Steel Long Products and Jindal Steel and Power have supported the application,” the notification said.
Domestic steel producers have said dumping from China has continued even after the imposition of the duty and it would increase or recur if the government lifts the levy. The sunset review investigation will undertake a “likelihood analysis of dumping and injury”. A period of investigation of 18 months from October 1, 2019 to March 31, 2021, has been fixed.