India to Demand Removal of Penal Duties on Steel Industry by the US

摘要

India may seek formal consultations with the US on the issue of imposition of countervailing duty, a levy imposed to neutralise the effect of subsidy given by the exporting country on Indian steel, whichismakingsMpments unviable, the official said. The US has assumed that since NMDC, which supplies iron ore to steel companies such as Essar, Jindal and Tata, is a government body, its pricing is con-trolledby the government, amountingto a subsidy.