India has taken a firm stance against the import of steel from China by imposing a five-year anti-dumping duty, according to a government announcement.
This decision comes in response to concerns raised by the Indian steel industry about China flooding the Indian market with low-priced steel products.
From April to July, China emerged as the second-largest supplier of steel to India, trailing only behind South Korea.
During this period, China sold 0.6 million metric tons of steel to India, marking a significant 62% increase compared to the same period in the previous year.
In total, India imported 2 million metric tons of finished steel during this four-month span, representing the highest import volume since 2020 and a notable 23% surge compared to the previous year.
China, as the world’s leading steel producer, predominantly exported cold-rolled coil or sheets to India.