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Anti-Dumping Duty on Steel Imports

Capital Market 

The Government had imposed anti-dumping duty ranging from 4.58% to 57.39% of landed value on Cold Rolled Flat Products of Stainless Steel from China, Korea, European Union, South Africa, Taiwan, Thailand and USA on 17 April 2014.

Anti-dumping duty on the above items were further extended by five more years as per Government notification dated 11.12.2015. After a sunset review, it was found that:-


(i) there is continued dumping of these goods from above mentioned countries/territories though the volume of has declined;


(ii) the performance of the domestic industry has deteriorated in the current injury period due to the impact of the dumped from these countries; and


(iii) the dumping is likely to continue and the performance of the domestic industry is likely to deteriorate, if the anti-dumping duty is revoked.

Anti-dumping duty is imposed on the basis of margin of dumping which can vary across countries, producers or exporters. Accordingly, there are variable rates of anti-dumping duty on different exporting countries, producers or exporters. Details of country-wise duty imposed are given below-

S. No. Country ADD as % of landed value

1

People's Republic of China

57.39%

2

Korea RP

5.39% to 13.44%

3

Chinese Taipei

15.93%

4

South Africa

12.34% to 36.91%

5

Thailand

4.58% to 5.39%

6

USA

9.47%

7

European Union

29.41% to 52.56%

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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