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| India may protect some stainless steel against China imports | |
| India is investigating a flood of Chinese imports of some types of stainless steel and may restrict the trade if it finds its own steelmakers have suffered as a result, according to a document published by the World Trade Organization (WTO) on Monday.The probe into imports of the "300 series" of hot-rolled flat products was prompted by a complaint from Indian steel company Jindal Stainless Ltd, after China's share of India's import market for the products leapt from 10 percent to 50 percent over the past three years.Under WTO rules, countries can temporarily hike tariffs for specific products if they can prove their own manufacturers risk being damaged by an unexpected increase in imports.Before introducing these emergency restrictions, known as "safeguard" measures, they must investigate the circumstances and notify the WTO they are doing so.India made its notification on July 4 and will decide whether or not to impose the duties within eight months. If it does so, China could | |
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