Ministry of Steel of Republic of India : Statement on minimum import price on certain Steel Products

Attention is invited to some media reports quoting Union Steel Minister, which give an impression that that Minimum Import Price on steel will be discontinued after 4 Feb. 2017.

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. Chaudhary Birender Singh had emphasized that MIP is a short-term measure & not of a permanent nature. The Government is taking permanent measures to counter unfair trade practices as per international norms. A total of 124 steel products have been covered by provisional anti-dumping duties & final orders on the same are expected in due course.

As a result of the safeguards and anti-dumping measures, out of 173 items on which MIP was initially imposed, only 19 items are currently notified under MIP. These are relating to colour-coated steel, primarily to avoid any circumvention of the duties. Two of colour-coated steel items are already covered under anti-dumping duties.

YSK/Uma