The government extended anti-dumping duty on various steel products until December 15, intending to guard domestic manufacturers from cheap imports from countries like China, Japan, and Korea.

According to two separate notifications by the Department of Revenue, the duties on ‘Hot-Rolled flat products of alloy or non-alloy steel’ exported from China, Japan, Korea, Russia, and Brazil, and on ‘Cold-Rolled flat products of alloy or non-alloy steel’ coming from China, Japan, and Korea, have been extended.

The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR), had recommended for the extension of the duty on these products. While DGTR suggests the duty to be levied, the finance ministry forces it. The duties were imposed in August 2016 for five years.

• Tech Mahindra Shares Hit 10% Upper Circuit on Releasing Three-Year Roadmap
• Stocks Under F&O Ban: Vodafone Idea
• Stocks in Focus: Tech Mahindra, Bajaj Finance, Tata Steel, Others
• Kotak Mahindra Bank Shares Crash 13% Post RBI Action 
• Nestle India Joins Hands With Dr Reddy for Nutritional Health Solutions 

Revising two separate notifications, the department of revenue said anti-dumping duty levied on hot-rolled flat products are extended “up to and inclusive of 15th December 2021”. Similarly, the duty on cold-rolled flat products too extended up to December 15 this year. Further, the department has also extended the levy on ‘Tyre Curing Presses, also known as Tyre Vulcanisers or Rubber Processing Machineries for tyres, excluding Six-Day Light Curing Press for curing bicycle tyres’ imported from China till November 30, 2021.