H D Kumaraswamy vouches for raising import duty on steel from 7.5% to 12%

"The way in which China dumps steel into the country...the entire industry is facing (something similar to a) terrorist threat ... There have been industry representations over the China issue and other problems over the past two months," Kumaraswamy said. "I promise to try to convince the finance minister and prime minister to increase the import duty from 7.5% to 10-12%."