India to revise anti-dumping rules amid rising steel imports

Amid growing complaints from the domestic steel industry after steel imports from China rose 8 percent in the 12 months to March 2018, despite nearly 80 percent of those goods being covered by anti-dumping duties, the Commerce Department is trying to correct the course. ,

The Directorate General of Trade Remedies (DGTR) must use trade correction techniques within the relevant framework of the WTO accords, is struggling to conduct research to assess the impact of India's anti-dumping measures and has learned that it has moved closer to Delhi. Indian Institute of Foreign Trade for this study.

Stakeholder consultations, including the Ministry of Steel, could begin. This step, leading up to the upcoming general elections, is a kind of acknowledgment by the Department of the fact that the punitive measures taken so far have not yielded results.

The government is reluctant to review the effectiveness of anti-dumping measures. Although almost 75-80 percent of Chinese steel products are covered by anti-dumping duties, imports of such steel products have increased. The industry's problems are exacerbated by the fact that although the cost of domestic steel production, on the basis of which the mechanisms for setting antidumping duties are formulated, has changed, the rationalization of these duties has not been undertaken for a long time.

The concern raised by the domestic steel lobby is mainly focused on the fact that Chinese unalloyed steel is imported into the country as alloy steel, which is expensive steel, both in terms of use and price.