India’s list of 173 steel products under the Minimum Import Price (MIP) would be reshuffled later this month, an official in ministry of steel said on Thursday.
He said that some products would be shifted out as antidumping investigations were expected to be completed and definitive antidumping duty would be levied on them while new product categories would be included like color coated steel products.
According to the official, ideally the government would have liked to move all products under MIP to antidumping duty regime but since antidumping investigations were time consuming list of items under MIP would go under periodic re-shuffle as more products get into a more long term antidumping regime.
However, no decision had yet been taken on whether MIP would be extended for six or three months as the tenure of the import protection measure approaches its expiry next month, the official said.
The decision would be taken by the new Minister of Steel, Chaudhury Birendra Singh who took charge of the ministry of steel last Tuesday following a reshuffle of Cabinet of Ministers and portfolios held by them, the official added.