The India government has imposed anti-dumping duty on several steel products from countries including China.
The Indian government's move was intended to protect the domestic steel market from the impact of low-cost imports. This move will undoubtedly point to China and other Southeast Asia countries, including Indonesia.
India is also a big exporting country of steel, and this measure also protects the prices of steel products of a large number of stockholders and traders in India, avoiding vicious bidding by domestic steel producers and suppliers.
The steel industry also wanted the Ministry of Commerce and Industry of India to exclude steel from the scope of the Regional Comprehensive Economic Partnership (RCEP), a proposed international free trade agreement (FTA).
Source from YIEH CORP
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