Reuters India on Monday imposed an antidumping duty on some Chinese steel for five years, according to a government notification.

On Sept 4, India39;s steel secretary, Nagendra Nath Sinha, said New Delhi was monitoring the steel imports situation after the steel industry raised concerns over potential dumping by Chinese sellers.

During AprilJuly, China was the second biggest steel exporter to India, after South Korea, selling 0.6 million metric tons, up 62 from the same period a year earlier.

In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23 from a year earlier.

China, the world39;s top steel producer, exported mostly cold rolled coil or sheets to India.

Reporting by Shivani Tanna and Mayank Bhardwaj Editing by Chris Reese and Leslie Adler

Source Reuters