The Directorate General of Trade Remedies (DGTR), in its anti-dumping investigation, stated that dumped imports of 'straight length bars and rods of alloy steel' from China have increased in absolute terms during the period of the probe (2016-17).
The proposed JV between two of the world's major steel companies would combine Thyssenkrupp's and Tata Steel's European steel operations to create Europe's second-largest steelmaker after steel tycoon Lakshmi N. Mittal's ArcelorMittal.
The SBI-led consortium of creditors rejected both the bids, finding them ineligible under Insolvency and Bankruptcy Code (IBC). ArcelorMittal had been trying for long to enter India but could not get any success so far.
A letter, sent to the White House and Congress by the American Iron and Steel Institute and the Steel Manufacturers Association, called on Trump to immediately act under the rarely used "Section 232" of a 1962 US trade law, which allows for restrictions to protect national security.