Central Government imposes anti-dumping duty on imports of steel wire rods from China
Posted on:10 Oct 2017 09:35:56
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10 October 2017 Current Affairs: The Central Government imposed anti-dumping duty on imports of certain steel wire rods from China for five years with a view to guard the interest of domestic players from cheap in-bound shipments.
The duty was imposed after the Commerce Ministry's Directorate General of Anti-Dumping and Allied Duties (DGAD) recommended duty on such imports.
India has already slapped anti-dumping duty on certain cold-rolled flat steel products from four nations, including China and South Korea.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.
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