Exclusive: India to reject call for anti-subsidy tax on some Chinese steel products

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[1/2] A worker observes an electric furnace inside a steel factory on the outskirts of Jammu February 12, 2018. Picture taken February 12, 2018. REUTERS/Mukesh Gupta/File Photo NEW DELHI, July 14 (Reuters) - India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters. In a rare move the ministry is to reject the recommendation by the Directorate General of Trade Remedies (DGTR) to impose 18.95% CVD on certain flat-rolled steel products imported from China for five years, the finance...