Trade War Escalation? India Will Extend China's Anti-Dumping Duties on Steel Products

        Monday (February 20) India has extended anti-dumping duties on some of its steel products from China for five years to seek to retain protectionist barriers to curb the influx of cheap foreign goods into India, Reuters reported.

       According to the notice, this long-term measures came into effect on May 17 last year, targeting seamless pipes, pipes and hollow profiles made of iron, alloy or non-alloy steel. At that time the Indian government levy temporary anti-dumping duties.

       Indian steel minister ArunaSharma earlier this month told Reuters that there was a "strong reason" for the long-term anti-dumping duties imposed on up to 124 steel products in the next two months.

       According to government agencies, India's steel imports fell 37.8% from a year earlier, due to a series of protectionist measures announced by the government last April to January this year.

       Indian steel companies have lobbied for more measures to protect them from cheap imports from China, Japan and South Korea, including JSWSteel, TataSteel, SteelAuthorityofIndia and so on.

      (This site statement: where the network reproduced from other media articles, the purpose is to pass more information, does not mean that our own attitude with their views and the authenticity of the source.