The US has initiated a probe into alleged dumping a particular variety of steel rod from four countries including India, according to American department of commerce. In a statement, the department has said that it is also probing whether producers of 'carbon and alloy steel threaded rod' in India and China are receiving 'unfair' subsidies from their respective governments. If it is established that the dumped imports and subsidies are hurting the interest of companies there, the US would impose anti-dumping and countervailing duties. In 2018, imports of carbon and alloy steel threaded rod from India stood at USD 35.8 million. India's exports to the US in 2017-18 stood at USD 47.9 billion, while imports were USD 26.7 billion.

Source: dna April 30, 2019 09:56 UTC