Government imposes Anti-Dumping duty on TMT Bars from China for 6 months

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Updated: November 3, 2016 11:26:04 AM

The government, on Thursday, imposed anti-dumping duty on TMT bars from China to reduce overseas purchases of the alloy and shield local mills.

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.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.

The government, on Thursday, imposed anti-dumping duty on TMT bars from China to reduce overseas purchases of the alloy and shield local mills. The anti-dumping duty has been levied for six months, according to ET Now. 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.

(more details awaited)

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