India Slaps Anti-Dumping Duty on Steel Imports from Vietnam to Protect Local Mills
India has moved to shield its domestic steel industry by imposing anti-dumping duties on certain steel imports from Vietnam. The Ministry of Commerce and Industry, in a notification issued on Wednesday, confirmed that the measure targets specific hot-rolled flat products made from alloy and non-alloy steel.
The decision follows a year-long investigation into imports from Vietnam that assessed the potential threats and damage to India’s steel sector. According to the ministry, the influx of underpriced steel has caused “positive and significant” injury to local producers, raising concerns about further harm if left unchecked.
India, the world’s second-largest producer of crude steel, has already taken steps earlier this year to curb the flood of cheap foreign shipments. In April, it introduced a 12% temporary safeguard duty on certain steel imports—mostly from China.
The latest move underscores the government’s intent to level the playing field for domestic mills and ensure long-term stability in the steel market.
News Source : Information for this article was gathered from a variety of reliable news outlets.
