India Imposes Anti-Dumping Duty for 5 yrs on Steel Imports from Vietnam

India has imposed an anti-dumping duty of $ 121.55 per tonne on imports of hot rolled flat steel products imported from Vietnam for five years.

The move is aimed at protecting domestic manufacturers from cheap imports.

According to a notification by the finance ministry on Thursday, the imposition of the duty was recommended by the Directorate General of Trade Remedies (DGTR).

"The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification," it said.