Antidumping duty likely on certain steel products from China, EU – Feedback

The government may impose anti-dumping duty on imports of certain flat steel products from China and European Union to protect the interest of domestic players from cheap in-bound shipments.

In its preliminary findings, the directorate general of anti-dumping and allied duties (DGAD) has recommended the duty on imports of “colour coated / pre-painted flat products of alloy or non-alloy steel”. Essar Steel India Ltd and JSW Steel Coated Products Ltd had jointly filed the application for initiation of the anti- dumping investigations. DGAD has suggested that the duty should be the difference between the landed value of the steel products and USD 849 per tonne. These steel products offers resistance to corrosion along with barrier protection. It is used in many applications and sectors including construction, roofing, walling, panelling, cladding and decking, automotive, white goods and appliances and furniture.

http://www.moneycontrol.com/news/economy/antidumping-duty-likelycertain-steel-products-frm-china-eu_7820821.html

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