India’ Directorate General for Trade Remedies (DGTR) under the Ministry of Commerce has asked the domestic steel industry to submit more information to back its demand seeking the imposition of safeguard duties on imported steel, a government official said on Thursday, May 30.
The official said that the DGTR, the investigating arm of the Ministry of Commerce, has asked for more details from the Indian Steel Association (ISA), the representative body of domestic steel companies, before it can decide whether to start investigations into the possible imposition of a 25 percent safeguard duty as sought by local steel producers.
According to the official, the ISA has sought a flat rate of safeguard duties on all steel products imported into the country, except for those categorized by the government as not produced by domestic steel mills.