Search Result for : Anti Dumping Duty On Steel

The Dollar Business Bureau  The US Ministry of Commerce has said it is likely to launch anti-dumping and countervailing duty probe of steel flanges being dumped by India and China into its markets.  The Commerce ministry has been petitioned by the Coalition of American Flange Producers and members in its group like Core Pipe Products Inc of Illinois and Maas Flange Corporation of Texas, to consider their petitions filed on August 16 and begin the investigation.  The domestic producers allege that the estimated dumping margins ranged between 99.23% to 257.11% for China and 78.49% to 145.25% for Indian steel products and also estimated that products from both the sides were subsidized at undetermined rates. Reiterating his government’s support to defend American businesses and ...

Deepak Kumar  | The Dollar Business Bureau    As the government announced anti-dumping duty on steel, second time in the last three months, to check imports, the engineering industry on Monday said the move will hurt the sector which includes mainly MSMEs. “With exports being slow, these measures would boost up the steel industry but will hurt the engineering industry, especially the MSMEs sector. Most of the exporting units, which include about 60% of the MSMEs, don’t have access to advance license. Consequently, their prices are going to become higher, and they will be non-comparative in the market,” EEPC (Engineering Exports Promotion Council) India Chairman Anupam Shah told the Dollar Business. Last week, the government had imposed an anti-dumping duty ranging from ...

Deepak Kumar | The Dollar Business Bureau    The government on Friday imposed a five-year anti-dumping duty on imports of some steel products from China and other countries to protect the domestic industry. The Indian steel producers have welcomed the announcement. However, they also expected some additional measures to stop flow of cheap imports from China and make domestic industry more viable.  “The government is now contemplating the minimum support price (MSP), below which imports can’t be made. They have already announced some drafts. We are expecting some more clarifications on it next week,” C V Raghavan, Director of Finance at Ferro Alloys Corporation Ltd (FACOR), told The Dollar Business. “Chinese are dropping their steel prices further to mitigate the anti-dumping ...