On 5 Sep’18, India’s anti-dumping body DGAD (Directorate General of Anti-Dumping and Allied Duties) has recommended imposition of definitive Anti-Dumping Duty (ADD) on the imports of “Straight Length Bars & Rods of Alloy Steel” coming from China for the period of 5 years i.e. till 2023.
Last year in September, the Indian government had started an anti-dumping investigation on imports of above-mentioned products after six Indian companies had submitted an application to the DGAD asking for the inquiry and the imposition of an anti-dumping duty on alloy steel bars imports from China.
The product under consideration (PUC) is classified under Tariff item 7228 of the Customs Tariff Act, 1975. These products find their end use application in various sectors including automobiles, auto components, engineering, construction, railways, shipbuilding and machinery to name a few.
The duties imposed on subject goods
The ADD imposed on the subject goods ranges from USD 45 to USD 186/MT. However, in case of forged bars and tool & die steel (other than grades of tool & die steel excluded from the scope of PUC) no anti-dumping duty will be imposed if the subject goods landed cost of imports exceed USD 659.91/MT. But if the landed value of forged bars and tool & die steel (other than grades of tool & die steel excluded from the scope of PUC) is lower than USD 659.91/MT, then the then the difference between such landed value and USD 659.91/MT shall be payable as anti-dumping duty.
The products excluded the following the ADD:
1. Bars and rods in irregularly wound coils;
2. High Speed Steel i.e. alloy steels containing, with or without other elements, at least two of the three elements namely Molybdenum (Mo), Tungsten (W) and Vanadium (V) with a combined content by weight of 7% or more, 0.6% of more of Carbon and 3% to 6% of Chromium
3. Tool and Die Steel: This category covers steel having either of the following three combinations:
i) Carbon >= 0.50% along with Chromium >= 1.0% in combination
of any of the following elements:
(a) Nickel >= 1.0%
(b) Molybdenum >= 0.2%
(c) Vanadium >= 0.2%
ii) Carbon >= 0.30% in combination with Tungsten >= 0.40%
iii) Carbon >= 0.30% along with Manganese >=1.0 % and
Chromium >= 1.0% in combination of any of the following elements:
(a) Nickel >= 1.0%
(b) Molybdenum >= 0.2%
(c) Vanadium >= 0.2%
4. Hollow drill bars and rods;
5. Bars and rods electroplated with chrome;
6. Reinforcement Bars having ribs / grooves / indentations, used for concrete reinforcement;
7. Stainless Steel bars; viii. Hot-rolled round bars exceeding diameter 210mm
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