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- India has launched an anti-dumping investigation on certain steel products imported from Vietnam.
- The anti-dumping investigation will analyze the threat to the domestic industry.
- The probe is based on a request from domestic steel producers citing negative impacts on market performance.
- This decision has been taken after a significant downturn in the Indian steel market.
- India, despite being the world’s second-largest crude steel producer, became a net importer of steel in this fiscal year.
- The period of investigation is January 1, 2023, to March 31, 2024 (15 months).
- India has set a target of achieving 300 million metric tons (mt) steel capacity by 2030–2021.
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