India slaps anti-dumping duty on steel products from China, Vietnam, and Korea
India imposed a five-year anti-dumping duty ranging from $13.07 to $173.1 per ton on cheap imports of certain steel products from China, Vietnam, and Korea.
The steel products concerned were the flat-rolled steel, plated or coated with an alloy of Aluminium and Zinc.
The Commerce Ministry's investigation arm Directorate General of Trade Remedies (DGTR) concluded that the steel products were below its associated normal value.
The World Trade Organization (WTO) allows the imposition of anti-dumping duty to provide a level-playing field to local manufacturers.
The duty is imposed after a thorough investigation by quasi-judicial bodies, such as India's DGTR.