As reported Jindal Steel has filed a petition with Indian government to impose anti-dumping duty on import of cold rolled flat stainless steel products from China, European Union (EU) and eight other countries.
The petition has been filed for cold rolled flat products of width more than 1,250 mm. The duty is requested on imports from China, Japan, South Korea, Malaysia, South Africa, Taiwan, the EU and the US.
Last month anti-dumping duty of 57.39% was imposed by DG of Anti-dumping on cold rolled flat stainless steel products of width 600 mm to 1,250 mm. The duty was imposed on products from China, Korea, EU and other four countries for tenure of five years.
However after this importers started buying and slitting CRC of width more than 1,250 mm for the use of lower width which led to circumvention of anti-dumping duty on products of lower width (600 mm to 1,250 mm).
Safeguard duty anticipated on alloy-steel CRC
The domestic alloy-steel CRC industry is also reeling under increased pressure of cheap imports post safeguard duty on HRC.
As per SteelMint study, CRC imports registered an rise of about 42% in Oct’15 against Sep’15. The same is recorded at 1,45,358 MT in Oct’15 which was 83,872 MT in Sep’15, according to a provisional data based on customs records.
Cold-Rolled Steel Manufacturers Association (CORSMA) along with industry bodies representing the end user segments had written to DG Safeguards (DGS) demanding imposition of safeguard duty even on alloy-steel CRC.
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