In a recent move to guard domestic steelmakers, Indian government today has imposed anti-dumping duty on cold-rolled flat products of stainless steel. The duty has been levied in the range of 5-57% on major countries such as China, US, South Africa, Thailand and Taiwan.
The highest duty of 57.39% has been imposed on steel from China. Meanwhile, anti-dumping duty of 9.47% has been levied on cold-rolled flat products of stainless steel from the US, 29.41-52.56% from EU and 5.39% from Thailand.
The duty has been imposed on import of cold rolled flat products of stainless steel, falling under heading 7219 of the 1st Schedule to the Customs Tariff Act, 1975.
In the statement, the government observed the following points:
1. There is continued dumping of the subject goods from the subject countries/territories though the volume of imports has declined after imposition of duties.
2. The performance of domestic industry has deteriorated in current injury period due to the impact of dumped imports from the subject country and diversion of imports to product ranges outside the scope of product under consideration.
3. The dumping is likely to continue and the performance of domestic industry is likely to deteriorate, should the present anti-dumping duty is revoked.
Leave a Reply