BUSINESS

Anti-dumping duty on stainless steel favoured

Special Correspondent

NEW DELHI: The Union Commerce Ministry has recommended levying of anti-dumping duty on import of stainless steel from China, the European Union, the U.S., Japan, South Korea, Taiwan, South Africa and Thailand.

The recommendation comes following a petition by Jindal Stainless to the Directorate General of Anti-dumping and Allied Duties which, in turn, has recommended a maximum levy of $1,823 a tonne on import of cold-rolled flat stainless product from China, official sources said here on Tuesday. The level of such duty on the product varies from country-to-country.

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