Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year. Japan’s is second-biggest steel producer.

Background
India imposed duties of up to 20 percent on some hot-rolled flat steel products in September 2015, and set a floor price in February 2016 for steel product imports to deter countries such as China, Japan and South Korea from undercutting local mills.