Wednesday, 25 January 2017

Imposition of MIP on steel a short term measure

The Indian Government has said that imposition of minimum import price (MIP) on steel is a short-term measure and it is taking permanent measures to counter unfair trade practices as per international norms. Commenting on the issue, a Steel Ministry Official told, "Chaudhary Birender Singh (Steel Minister) had emphasised that MIP is a short-term measure and not of a permanent nature." 

"In this connection, this is to clarify that the Minister was making a point in a wider context of providing level playing field to the Indian steel industry. “A total of 124 steel products have been covered by provisional anti-dumping duties and final orders on the same are expected in due course,” he further said.

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