India renewed anti-dumping duty on some Chinese steel for another five years 

 

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India has renewed an anti-dumping duty on some Chinese steel for another five years, the Times of India reported, citing an official gazette by the country’s Ministry of Finance.

An anti-dumping duty of $613 per tonne was imposed on flat-base steel wheels from China in 2018 and the ministry has recommended a continued imposition for another five years, according to the notice.

From April to July, China was the second-biggest steel exporter to India after South Korea, selling 600,000 metric tons, up 62% year-on-year.

The total bilateral trade reached 619.69 billion yuan ($84.49 billion) during the first eight months of 2023, up 5.2% year-on-year, according to China’s customs data. From January to August, China’s exports to India reached 533 billion yuan, up 5.2% from a year earlier.