INDIA ISSUES NOTICES TO CHINA, JAPAN AND SOUTH KOREA TO INITIATE A PROBE ON THE DUMPING OF STEEL PRODUCTS

A government body has issued notices to China, Japan and South Korea proposing to initiate a probe on the 'dumping' of some steel products into India, a government official said.

The notices have been issued for hot-rolled coils of alloy and non-alloy steel, an official at the Directorate General of Anti-Dumping & Allied Duties (DGAD) told Reuters.

Indian steelmakers Steel Authority of India Ltd, JSW Steel Ltd and Essar Steel had approached the DGAD seeking anti-dumping duties on cheap imports flooding local markets and pressuring margins.