DGAD imposes definitive ADD on 47 steel products from China and 5 other countries
The Dollar Business Bureau India imposes definitive anti-dumping duty(ADD), effective for 5 years on 47 products of alloy or non-alloy steel from China PR, Japan, Korea RP, Russia, Brazil and Indonesia. The duty imposed carried a minimum price of $478/ metric tonne to a maximum amount of $561/metric tonne. The ADD would be effective from the date of imposition, April 8, 2017 as notified in the DGAD notification no- 17/2017 dated 11/05/2017. Of the total steel imported in India during 2015-16 the imports of hot rolled and cold rolled coils was 47% and with the imposition of duty it came down to 36%. Now with the latest notification of the government of extending the anti-dumping duties to hot rolled and cold rolled flat ...
Extension of safeguard duty on steel products to aid domestic industry
Domestic steel industry has been making consistent efforts apprising the government to protect domestic industry from increasing imports The Dollar Business Bureau Safeguard investigation on hot-rolled flat products of non-alloy and other alloy steel in coils of a width of 600 mm or more turns a concern for Indias global steel partners Owing to domestic concerns, the Directorate General of Safeguards(DGS) recommended on Wednesday the decision to continue the safeguard duties earmarked for some steel products for two more years, i.e., till March 31, 2018. This decision to continue safeguards has been achieved due to the consistent efforts of the domestic steel industry bodies. These bodies have been pitching for duties on steel imports as a measure to boost and protect the domestic ...
