Furthering its tirade against cheap imports and to protect the domestic steel industry, the government may impose anti-dumping duties on certain hot and cold rolled steel products from various countries, including China, Japan and Korea.
The Directorate General of Antidumping and Allied Duties (DGAD) which administers the anti-dumping and countervailing measures in India, in separate investigations recommended anti-dumping duties on hot-rolled flat products of alloy or non-alloy steel from China, Japan, Korea, Russia, Brazil and Indonesia. In two separate investigations, the DGAD concluded that there has been a significant increase in the volume of dumped imports from these nations.
DGAD has also recommended imposing duties on cold-rolled cold reduced flat steel products of iron or non-alloy steel or other alloy steel of all widths and thickness, not clad, plated or coated' from China, Japan, Korea and Ukraine. Moreover, in its two separate investigations, the DGAD has found that there has been a significant increase in the volume of dumped imports from these nations, due to which the domestic industry has suffered material injury.
In its latest notification DGAD has stated that the import of hot-rolled flat products from certain firms of countries like China, Japan, Korea, Russia, Brazil and Indonesia may attract an anti-dumping duty equivalent to the difference between the landed value of steel products and $ 489 per tonne. On the other hand, the import of cold-rolled steel items from China, Japan, Korea and Ukraine may attract an anti-dumping duty equivalent to the difference between the landed value of steel products and $ 576 per tonne.