Govt imposes anti-dumping duty on imports of steel products from China
The Dollar Business Bureau The Government has imposed an anti-dumping duty on imports of colour-coated/pre-painted flat products of alloy or non-alloy steel originating from China and the European Union. The recommended anti-dumping duty is $849 per metric tonne and shall be effective for a period not exceeding six months, unless revoked, superseded or amended earlier from the designated date and will be paid in Indian currency, the DGFT said in a notification. The domestic steel industry had raised its concerns with the government over the rising imports of the material originating mainly from China, European Union. The designated authority after its due investigation found that these countries had dumped the material at less-than its normal value, which has caused a significant injury to the domestic ...
Anti-dumping duty imposed on steel products from China: Vishnu Deo Sai
The Dollar Business Bureau The Government on Wednesday announced it had imposed anti-dumping duty on inbound shipments of various steel products from China in May this year. The announcement was made by Minister of State in the Ministry of Steel, Vishnu Deo Sai, in Rajya Sabha, as the government looked to provide relief to the domestic steel industry as a whole. The steel products under consideration included steel wheels, hot rolled flat product of stainless steel, cold rolled flat products of stainless steel and seamless tubes and pipes. The anti-dumping duty was in the range of $961-1610.67 per MT. Steel imports from China have been under the scanner for a long time now, and the government has often come out with calculated measures to ...
Steel industry cheers as govt imposes anti-dumping duty
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 ...
