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Tata Steel CEO & MD T.V. Narendran has welcomed the Centre’s decision to impose anti-dumping duty on certain steel imports from Vietnam, calling it a necessary step to curb unfairly priced inflows into India.
Narendran said domestic steel prices are currently around a five-year low, partly due to increased imports amid weak global market conditions. In this context, measures that prevent dumped or underpriced material from entering the country are “good for the Indian steel industry,” he noted.
He also pointed out that Vietnam and some other countries are being used as routing hubs to channel steel into India, distorting normal trade patterns. However, he clarified that he is not against imports in general, only against unfair pricing and dumping that undermine domestic investments.
India’s steel imports stood at about 4.9 million tonnes in April–September, with Vietnam accounting for roughly 13% of the total, reflecting a notable year-on-year increase.
Following the recommendation of the Directorate General of Trade Remedies (DGTR), the government has imposed an anti-dumping duty of USD 121.55 per tonne on hot rolled flat steel products originating in or exported from Vietnam, for a period of five years.
Narendran said such steps help protect the long-term investments made by Indian producers in capacity, efficiency and sustainability, while ensuring a fair and level playing field in the domestic market.
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