The government has slapped anti-dumping duty on the import of hot-rolled steel products from six nations, including China and South Korea, in a bid to shield domestic manufacturers against cheaper inward shipments.

• An anti-dumping duty of $474-557 per tonne was imposed on ‘hot-rolled flat products of alloy or non-alloy steel’ import from China, Japan, South Korea, Russia, Brazil and Indonesia, the Department of Revenue in the Ministry of Finance said in a notification.

• This comes after it extended the minimum import price (MIP) norms on select steel products but removed safeguard duties from 37 others.

• There earlier were 173 products under MIP; this was cut last week to 66. Products which had safeguard duties or ADD were removed from the new list. The range of prices, $341 to $752 a tonne, was not changed.

• Imposed on the recommendation of the Directorate General of Anti Dumping (DGAD), the ADD would be in force till February 7, 2017. A duty of $474 a tonne was imposed on import of HR flat products of alloy or non-alloy steel of a width up to 2,100 mm and thickness up to 25 mm from Korea and Japan.

• Korean firms attracting the ADD are Hyundai Steel Company and Posco. Three Japanese companies — JFE Steel Corp, Nippon Steel and Sumitomo Metal Corp — also feature in the list.

• A similar ADD was slapped on import from China, the exporter company being Angang Steel Company and Zhangjiagang. Similar import from Indonesia, Russia and Brazil also attracted $474 a tonne duty.

• HR flat products of alloy or non-alloy steel not in coils (commonly known as sheets and plates) of a width up to 4,950 mm and thickness up to 150 mm imported from Korea, Japan, China, Russia, Brazil and Indonesia would attract an ADD of $557 a tonne.