India Blocks Cheap Chinese Steel: 5-Year Anti-Dumping Duty Imposed

• India has imposed a 5-year anti-dumping duty on Cold Rolled Non-Oriented Electrical Steel imported from China.
• The duty, ranging from $223.8 to $414.9 per tonne, aims to counter cheap imports harming domestic manufacturers.
• This decision, based on DGTR recommendations, will increase the price of Chinese steel in India.
• It is expected to benefit Indian steel companies like Jindal Steel, Tata Steel, and JSW Steel, strengthening 'Make in India'.
• While raw materials for electrical equipment might see short-term price hikes, a stable domestic supply chain is anticipated long-term.

Why It Matters: India imposes anti-dumping duty on Chinese electrical steel to protect domestic industry and boost 'Make in India'.