DGTR for continuation of duty on some steel pipes from China, Vietnam

Quick Summary:

The commerce ministry's investigation arm DGTR has recommended the continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to guard domestic players.

In a notification, the Directorate General of Trade Remedies (DGTR) has said that there is a likelihood of injury to the domestic industry in the event of cessation of present countervailing duty on the imports from these two nations.

The authority recommends extension of countervailing duties on imports of the product under consideration," the DGTR has said.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaVietnam

Topics: Tubes DGTR Anti-subsidy duty Steel pipes

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 16:53:00 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21366389

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