India Imposes 5-Year Anti-Dumping Duty on Chinese Steel to Protect Domestic Industry

• India has levied a 5-year anti-dumping duty on cold-rolled steel imported from China.
• Duties range from $223.8 to $414.9 per tonne, aiming to counter cheap imports.
• The move protects domestic steel manufacturers from severe damage caused by dumping.
• Government seeks to safeguard the electrical steel industry, ensure fair competition, and strengthen 'Make in India'.
• Sectors like automobiles, consumer durables, and construction may experience limited impact.

Why It Matters: India levies 5-year anti-dumping duty on Chinese steel to safeguard its domestic industry.