According to the statement made by Indian government officials, anti-dumping duty began to be imposed on some products coming from China on Monday.
Indian Steel Minister Nagendra Nath Sinha stated that New Delhi is monitoring the steel import situation after the steel industry expressed concerns over possible dumping by Chinese vendors.
In the April-July period of 2023, China increased by 62% compared to the same period of 2022 and achieved sales of 0.6 million mt. In addition, it became the second largest steel exporter to India after South Korea. China, the world's number one steel producer, exported mostly cold rolled coils or sheets to India.
It imported 2 million metric tons of finished steel, the highest figure since 2020.