InvestorQ : Will the extension of anti dumping duties by the Indian government positive for steel companies like Tata Steel and JSW Steel?
Moii Chavate made post

Will the extension of anti dumping duties by the Indian government positive for steel companies like Tata Steel and JSW Steel?

Answer
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Sam Eswaran answered.
3 months ago


It will be positive for steel companies as government of India has extended anti-dumping duties on certain steel products till December 4 this year. The idea is to protect domestic manufacturers from cheap imports coming from China, Malaysia and Korea. Especially, China is known to flout global norms by giving subsidies to steel companies! These duties were to expire on June 04 2020 after 5 years. Anti-dumping duties ensure fair trade and provide a level-playing field to domestic industry. To that extent, Tata Steel, SAIL and JSW Steel should benefit.