In early September, India’s Directorate General of Trade Remedies (DGTR) announced the possible application of anti-dumping duties in the range of US$44.89-185.51/mt for five years on straight length bars and rods of alloy steel from China in order to protect the domestic market from cheap imports. The AD duty payment to be paid in Indian currency. The recommendation added that duties would apply to imports of alloy bars and rods in straight length, whether or not hot rolled, hot drawn, cold drawn, cold extruded, peeled bar, surface machined, polished, bright bar, or forged.
The Finance Ministry has announced this week that AD duties are being implemented immediately on bars and rods of alloy steel from China for five years as recommended by the DGTR.