The Department of Revenue, Union government has imposed anti-dumping duty on imports of steel wire rods for six months from China on November 2, 2016 to protect domestic manufacturers from cheap in-bound shipments.
The imposition follows recommendation by the Directorate General of Anti-Dumping and Allied Duties (DGAD) that steel wire road was being exported by China "below the normal value" and "the domestic industry has suffered material injury" because of such imports.
In its September 27, 2016 finding, the DGAD also sited that "the injury has been caused by the dumped imports 0T-the subject goods" from China. Wire rod of alloy or non-alloy steel finds applications in many sectors such as automotive components, welding electrodes, fasteners, including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry and armoured cables.
The imposition follows recommendation by the Directorate General of Anti-Dumping and Allied Duties (DGAD) that steel wire road was being exported by China "below the normal value" and "the domestic industry has suffered material injury" because of such imports.
In its September 27, 2016 finding, the DGAD also sited that "the injury has been caused by the dumped imports 0T-the subject goods" from China. Wire rod of alloy or non-alloy steel finds applications in many sectors such as automotive components, welding electrodes, fasteners, including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry and armoured cables.
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