February 6, 2017 / 4:52 AM / in 8 months

No minimum import price extension for 19 products: steel secretary

MUMBAI (Reuters) - There will be no minimum import price extension for 19 steel products, India’s steel secretary Aruna Sharma told television channel ET Now on Monday.

A worker cuts a steel rod inside a steel factory on the outskirts of Jammu January 12, 2015. REUTERS/Mukesh Gupta/Files

She said the government is gradually moving from minimum import price to the WTO-compliant anti-dumping duty.

Minimum import prices are short-term emergency measures while anti-dumping duty is a long-term measure, she said, adding that she expects to see steel prices stabilising from the current levels.

Reporting by Swati Bhat; Editing by Sherry Jacob-Phillips

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