New Delhi, Nov. 14 -- India has imposed an anti-dumping duty of USD 121.55 per tonne on imports of hot rolled flat steel products from Vietnam for a period of five years, in a bid to shield domestic producers from low-priced imports.

The Finance Ministry announced the measure on Thursday following a recommendation by the Directorate General of Trade Remedies (DGTR).

The decision comes at a time when domestic steel prices hit a five-year low in October, pressured by rising import volumes and global market volatility.

Industry representatives have welcomed the move, calling it essential to curb unfair trade practices.

Tata Steel welcomed the government's decision to impose anti-dumping duty on specific steel products from Vietnam, calli...