ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

India shifts defenses against cheap steel imports

Government says anti-dumping duties will cover more products

Steel Secretary Aruna Sharma (Photo by Yuji Kuronuma)

NEW DELHI -- India is planning to shift completely from limiting cheap steel imports via the setting of minimum prices to instead using anti-dumping duties, according to Steel Secretary Aruna Sharma.

"The [Minimum Import Price] was initially imposed on 173 steel items, which came down to 66 and now it is down to 19," Sharma said in an interview with the Nikkei Asian Review. She said the remaining items would also be removed from the minimum price framework once the domestic steel industry made a case for that. "As far as hot-rolled coil and wire rods are concerned, we have shifted to anti-dumping measures completely." 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more