New Delhi, Sep. 12 (IANS) The Centre has placed a five-year anti-dumping charge on select Chinese steel.
The decision was made when it was discovered that Chinese exporters were selling steel goods to foreign nations for a much lower price, according to sources.
The finance ministry sent out a notice late on Monday night to make the decision public.
Following concerns of inexpensive Chinese steel products being dumped in India, the steel ministry said last week that it was keeping an eye on steel imports.
During the months of April and July of the current fiscal year, China and South Korea were the two largest exporters of steel to India.
India is China’s primary export market for sheets and cold-rolled coils. It also produces the most steel in the whole planet.