Steel makers had urged the government to extend MIP on certain products, saying Hex Nuts Factory From China Manufacturers its imposition has marginally improved the industrys viability after a long period of subdued prices. On that also, we will move on to the anti-dumping route.Accelerating imports at predatory prices from steel surplus countries like China, Japan and Korea have been a major concern area for the domestic industry since September 2014. The 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods. We have brought it down to 19. “The MIP was on 173 items.. Anti-dumping will continue as the evidences are there,” Steel Secretary Aruna Sharma said in a interview to PTI.
She said that the government was not against imports but was against dumping.Post the imposition of MIP in February, the industry has been able to marginally improve viability after a long period of subdued prices and eroded profit margins, Indian Steel Association had said.New Delhi: The government may soon impose anti-dumping duty on 19 colour-coated steel products with a view to protect domestic players from cheap inbound shipments and give a fillip to the sector. Before February it should happen,” the secretary said.Currently, the government has imposed minimum import price (MIP) on these 19 products, which are mainly colour-coated steel items, till February 4.Rest of them, we have converted into anti-dumping. But, later on the number of products were reduced.For the first time, MIP was imposed in February last year on 173 items.”These 19 should not circumvent with it therefore we have put it (MIP) at this stage. She said that anti-dumping investigation is already in the process on these 19 products
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