According to market participants report to SteelMint, Indian govt. is likely to make anti-dumping duty on hot-rolled and cold-rolled products permanent for five years. They also highlighted that Non-Injurious Price (NIP) may also be raised with anti-dumping duty becoming permanent.
Currently NIP for HRC is at USD 474/MT, USD 594/MT for CRC and USD 557/MT for HR plates.
Indian government had imposed provisional anti dumping duty on HR and CR coil products in Aug’16 for a period of six months.
On 08 Feb’17, govt. notified that it has extended anti-dumping duty on Hot rolled and Cold rolled flat products of alloy or non-alloy steel products for a period of two more months.
Provisional Anti-Dumping duty is imposed on cold rolled flat products of alloy or non alloy steel originating in or exported from China PR, Japan, Korea RP and Ukraine. In case of Hot Rolled products of alloy or non-alloy steel, provisional anti-dumping duty exists on products exported from China PR, Japan, Korea RP, Russia, Brazil and Indonesia.
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