India has slapped anti-dumping duty on certain cold-rolled flat steel products from four nations including China and South Korea to guard domestic industry from cheap imports.
The government had previously imposed anti-dumping duty on import of hot-rolled flat products of alloy or non-alloy steel from China, Japan, Korea, Russia, Brazil and Indonesia.
That duty, valid for six months, was the difference between the landed value and the respective prescribed value which is $474 per tonne and $557 per tonne.
The anti-dumping duty imposed on cold-rolled flat products of alloy or non-alloy steel from China, Japan, South Korea and Ukraine too would be for six months.
The anti-dumping duty was imposed on recommendation of the Directorate General of Anti Dumping (DGAD), an arm of Commerce Ministry.
The DGAD has come to the provisional conclusion that “the subject goods have been exported to India from the subject countries below normal value (and) the domestic industry has suffered material injury on account of subject imports from the subject countries,” the notification said.
Also, the injury has been caused by the dumped imports of the subject goods from the subject countries, the notification quoted the findings as saying.
Source: Business Standard