India likely to impose anti-dumping duty on certain kind of steel imports from few countries

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The government of India is likely to impose anti-dumping duty for five years on certain type of steel products from few countries, including Japan and Korea, to guard domestic players from cheap imports on recommendation from the Commerce Ministry. According to a notification by the ministry’s investigation arm DGTR, the duty “is recommended to be imposed for […]

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India’s crude steel output rises by 0.9% to 9 million tonnes in October 2020: Worldsteel

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India’s crude steel output increased marginally by 0.9 per cent to 9.058 million tonnes in October 2020, according to World Steel Association (worldsteel). The country had produced 8.981 million tonnes crude steel during the same month last year, the global industry body said in its latest report. “Crude steel production for the 64 countries reporting […]

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India frames norms to enforce ‘rules of origin’ for imports under FTAs

The Indian government has come out with norms for the enforcement of ‘rules of origin‘ provisions for allowing preferential rate of customs duties on products imported under free trade agreements, PTI reports. The new norms have been framed with a view to checking inbound shipments of low quality products and dumping of goods by a third […]

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Rashtriya Ispat and Posco form joint working group to develop 5 MTPA greenfield steel plant in Vizag

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State-run Rashtriya Ispat Nigam (RINL) and Korean steel major Posco have set up a joint working group (JWG) to develop a five million tonnes per annum (MTPA) greenfield steel plant in Vizag with an estimated investment of Rs 35,000 crore. “During the meeting, it was agreed to set up a JWG consisting of representatives from […]

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