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India says anti-dumping duty on 21 flat-rolled products of non-alloy steel in offing
24/10/2016 12:00
Anti-dumping duty on 21 flat-rolled products of non-alloy steel such as corrugated sheets are in the offing, the Financial Express newspaper quoted steel secretary Aruna Sharma as saying.
The notified provisional anti-dumping duty on 15 wire rod of alloy or non-alloy products would be implemented soon, the report added.
Following the imposition of minimum import price (MIP) on 173 steel products in the range of $341-752 per tonne for six months in February, aimed at containing imports, the government in August imposed anti-dumping duty on 107 of these products and extended MIP on the remaining 66 items twice each time for two months in August and in October.
“There is no strong evidence (of imports causing injury) on 30 semi-finished products, including TMT bars. In any case, MIP is there till December 4,” Sharma said.
Steel imports to India increased to 12.7 MT, at an average of over 1 MT a month, in 2015-16 from 10.2 MT in 2014-15 and 5.7 MT in 2013-14. China, Japan and Korea accounted for three-fourths of total steel imports last fiscal, according to the newspaper.
The notified provisional anti-dumping duty on 15 wire rod of alloy or non-alloy products would be implemented soon, the report added.
Following the imposition of minimum import price (MIP) on 173 steel products in the range of $341-752 per tonne for six months in February, aimed at containing imports, the government in August imposed anti-dumping duty on 107 of these products and extended MIP on the remaining 66 items twice each time for two months in August and in October.
“There is no strong evidence (of imports causing injury) on 30 semi-finished products, including TMT bars. In any case, MIP is there till December 4,” Sharma said.
Steel imports to India increased to 12.7 MT, at an average of over 1 MT a month, in 2015-16 from 10.2 MT in 2014-15 and 5.7 MT in 2013-14. China, Japan and Korea accounted for three-fourths of total steel imports last fiscal, according to the newspaper.
Source: IndoAsianCommodities.com
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