November 3, 2016 / 6:26 AM / 2 years ago

India imposes provisional anti-dumping duty on some steel products

NEW DELHI, Nov 3 (Reuters) - India imposed a provisional anti-dumping duty on imports of hot-rolled steel products from China, a government statement said on Thursday, to reduce overseas purchases of the alloy and shield local mills.

The anti-dumping duty has been levied for six months, the notification said.

Indian steelmakers such as Steel Authority of India , JSW Steel and Tata Steel had lobbied for protectionist measures to prevent cheap overseas purchases that were undercutting local mills and squeezing margins.

For the full circular, see: (Reporting by Neha Dasgupta; Editing by Sunil Nair)

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