Home / Metal News / Precious Metals / India imposes 5%-57% AD duty on imported cold-rolled steel
India imposes 5%-57% AD duty on imported cold-rolled steel
Dec 14,2015 13:53CST
industry news
Source:SMM
The Indian government has enforced anti-dumping duty ranging from 5% to 57% on imports of cold-rolled sheets from several countries including China, USA, South Africa, Thailand and Taiwan.

By Anil Mathews (ScrapMonster Author)

December 11, 2015 07:37:24 AM

NEW DELHI (Scrap Monster): The Indian government has enforced anti-dumping duty ranging from 5% to 57% on imports of cold-rolled sheets from several countries including China, USA, South Africa, Thailand and Taiwan. The above duties will be valid for a period of five years.

The steel imports from China will be levied the highest duty of 57.39%. The lowest duty of 5.39% has been levied on imports from Thailand. Anti-dumping duties of 9.47% have been imposed on stainless steel cold-rolled flat products imported from the US. The imports from the EU region will be charged duties ranging from 29.41% to 52.56%.

According to the government, the move to further raise the duties comes after the 20% import tax failed to curb rising imports of subject goods from these countries, thereby hurting local producers including the state-owned Steel Authority of India Limited (SAIL). The government action is based on complaints received from domestic producers that dumping of cheaper goods from the above mentioned countries have led to deterioration in performance of local industry. The dumping of steel products has also impacted the operating margins of these companies.

Meantime, the country’s Commerce and Steel Ministries are reportedly in talks to soon fix a minimum import price (MIP) for steel products in order to safeguard the domestic industry from mounting inward shipments. The Ministries have proposed MIP for around 30 steel products, and are in the final stage of discussions to finalize the list of products that should be included in the MIP list. Products such as pig iron, semi-finished products and cold-rolled coils are expected to find place in the list.

Earlier in September, the government had imposed 20% safeguard duty on hot-rolled flat products of non-alloy and other alloy steel.


India
anti-dumping duty
steel

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

    Apr 28, 2020 21:34CST
    Apr 28, 2020 19:42CST
    Apr 28, 2020 19:34CST
    Apr 28, 2020 18:54CST
    Apr 28, 2020 18:13CST
    Apr 28, 2020 18:13CST
    Apr 28, 2020 17:54CST
    Apr 28, 2020 18:24CST
    Apr 28, 2020 16:51CST
    Apr 28, 2020 16:38CST