The duties were levied by the United States commerce department more than a year ago on grounds that the steel item had been exported by India below the normal value at which they were sold in the domestic market.
Earlier, New Delhi had consultations with Washington on the issue so as to arrive at a mutually acceptable solution. After the consultations failed, New Delhi approached the WTO dispute settlement body which set up a panel to sort out the matter.
India recently imposed anti-dumping duties ranging from $0.60-0.82 per kg on imports of cold rolled flat stainless steel products from the US on grounds of material injury to the domestic industry. This was for the first time these duties were levied on a steel product of this type originating from North America.
The WTO agreement on anti-dumping practices regulates anti-dumping action of member countries against their trading partners. Anti-dumping investigations are basically targeted at discriminatory pricing practices by individual business enterprises.