Anti-Dumping Duty on Steel Imports

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 17.04.2014.

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 imports has declined;

(ii)                the performance of the domestic industry has deteriorated in the current injury      period due to the impact of the dumped imports 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%

The Minister of State in the Ministry of Steel Shri Vishnu Deo Sai provided this information in reply to a question in Lok Sabha today (July17, 2017).

Courtesy: pib.nic.in