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."
