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Govt. to review anti-dumping duty on Chinese steel products:

  Mar 16, 2021

Govt. to review anti-dumping duty on Chinese steel products:

Q. What is the news? 

Q. What’s the issue?

Few companies have filed an application before the DGTR for a sunset review of anti-dumping duty imposed on imports of seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel from China.

The duty on the product was first imposed in February 2017 and is set to expire on May 16 this year.

DGTR would review the need for continued imposition of the duties in force and examine whether the expiry of existing duties is likely to lead to continuation or recurrence of dumping and impact the domestic industry.

Q. What is Dumping? What is anti-dumping duty?

In international trade practise, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.

Q. What is the status of Steel- imports and exports?