India imposes anti-dumping duty on Vietnam steel imports for 5 years

The decision, notified by the Finance Ministry on Thursday, follows the final findings of the Directorate General of Trade Remedies (DGTR) on August 13 which concluded that Vietnamese exports were being dumped in India at prices below normal value, causing injury to the domestic steel industry.

 The duty covers hot-rolled flat products of alloy or non-alloy steel, not clad, plated, or coated, with a thickness of up to 25 millimetres and a width of up to 2,100 millimetres.

These are classified under tariff headings 7208, 7211, 7225, and 7226. The notification specifies that the measure does not apply to stainless steel hot rolled flat products.

The anti-dumping duty will remain in effect for five years from the date of publication, unless revoked, superseded, or amended earlier. It will be payable in Indian currency at the applicable exchange rate on the date of the bill of entry presentation.