Tuesday, 18 July 2017

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.
ADD as % of landed value
People’s Republic of China
Korea RP
5.39% to 13.44%
Chinese Taipei
South Africa
12.34% to 36.91%
4.58% to 5.39%
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

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