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The Indian Government has said that imposition of minimum import price (MIP) on steel is a short-term measure and it is taking permanent measures to counter unfair trade practices as per international norms.
Commenting on the issue, a Steel Ministry Official told the media, "Chaudhary Birender Singh (Steel Minister) had emphasised that MIP is a short-term measure and not of a permanent nature."
"In this connection, this is to clarify that the Minister was making a point in a wider context of providing level playing field to the Indian steel industry," he added.
“A total of 124 steel products have been covered by provisional anti-dumping duties and final orders on the same are expected in due course,” he further said.
As per reports, as a result of the safeguards and anti-dumping measures, out of 173 items on which MIP was initially imposed, only 19 items are currently notified under MIP. These are relating to colour-coated steel, primarily to avoid any circumvention of the duties. Two of colour-coated steel items are already covered under anti-dumping duties.
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The Indian Government has said that imposition of minimum import price (MIP) on steel is a short-term measure and it is taking permanent measures to counter unfair trade practices as per international norms.
Commenting on the issue, a Steel Ministry Official told the media, "Chaudhary Birender Singh (Steel Minister) had emphasised that MIP is a short-term measure and not of a permanent nature."
"In this connection, this is to clarify that the Minister was making a point in a wider context of providing level playing field to the Indian steel industry," he added.
“A total of 124 steel products have been covered by provisional anti-dumping duties and final orders on the same are expected in due course,” he further said.
As per reports, as a result of the safeguards and anti-dumping measures, out of 173 items on which MIP was initially imposed, only 19 items are currently notified under MIP. These are relating to colour-coated steel, primarily to avoid any circumvention of the duties. Two of colour-coated steel items are already covered under anti-dumping duties.
