Industry wants govt to enforce duty to stop flooding of Chinese steel

In order to protect its interests from Chinese steel, the industry has asked the Centre to put in safeguard duties of as much as 25 per cent to protect it from growing imports as it fears China could soon start flooding excess steel into the Indian market after the US raised tariffs on Chinese products due to the escalating trade war between the world’s two largest economies, says a report.

In fact, there is also a concern that China could re-route its excess steel capacity through other countries like Vietnam and Cambodia into India, reports added.