NEW DELHI: India said on Monday it will temporarily withdraw duties on some steel products imposed to stop dumping mainly from China, after a spike in domestic prices hit job-creating small and mid-sized manufacturing companies.
The Indian government announced in its annual budget that it would revoke anti-dumping duties on imports of alloy-steel bars, rods and flat steel products coated or plated with aluminium or zinc until Sept. 30, as part of the 2021/22 federal budget. The changes take effect from Tuesday.
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