Anti-dumping duty likely on some hot, cold rolled steel items

17 Apr 2017

India may impose anti-dumping duties on certain hot and cold rolled steel products from various countries, including China, Japan and Korea, to guard the domestic industry against cheap imports.

In separate investigations, the Directorate General of Anti-dumping and Allied Duties (DGAD) has recommended anti-dumping duties on ‘hot-rolled flat products of alloy or non-alloy steel’ from China, Japan, Korea, Russia, Brazil and Indonesia.

While the import from certain other companies of these six countries may invite an anti-dumping duty equivalent to the difference between the landed value of hot-rolled items and USD 576 per tonne.

On the other hand, the import of cold-rolled steel items from China, Japan, Korea and Ukraine may attract an anti-dumping duty equivalent to the difference between the landed value of steel products and USD 576 per tonne.

Source – economictimes.indiatimes.com