homeeconomy NewsIndia to probe subsidised stainless steel imports from China

India to probe subsidised stainless steel imports from China

The Directorate General of Trade Remedies, which falls under the trade ministry, said there was "prima facie" evidence of subsidies that were hurting the domestic industry.

Profile image

By Reuters Aug 10, 2018 11:42:34 AM IST (Published)

Listen to the Article(6 Minutes)
India to probe subsidised stainless steel imports from China
India has launched an investigation into subsidised production and export of welded stainless steel pipes and tubes from China and Vietnam, an official notification said.

Share Market Live

View All

The Directorate General of Trade Remedies, which falls under the trade ministry, said there was "prima facie" evidence of subsidies that were hurting the domestic industry.
"The authority finds that there is prima facie evidence of existence of countervailable subsidies on production and export of the subject goods in People's Republic of China and Vietnam, and such subsidized imports are causing material injury to the domestic industry through their volume and price effects," the notification said.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change