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Stainless Steel Products Call For Definitive Dumping Duty


Date : November 29, 2011	Number of Views : 78

The Finance Ministry has imposed definitive anti-dumping duty on imports of hot-rolled flat products of stainless steel from the European Union, South Africa, US and Taiwan. Jindal Steel Ltd had filed the petition seeking anti-dumping probe on imports of hot-rolled flat products from these countries.

Based on the recommendations of the Designated Authority in the Commerce Ministry, the Revenue Department has excluded from the ambit of this levy the hot- rolled flat products produced and exported by Acerinox S A, Spain.

Also excluded from the levy are hot rolled flat products produced by Acerinox, Spain and exported by Acerinox Malaysia. There will also be no anti-dumping duty on similar products produced and exported by Outokumpu Stainless of Finland.

In the case of producers or exporters from USA, the anti-dumping duty has been pegged at $165.32 per tonne. For Taiwan, the anti-dumping duty has been pegged at $432.44 per tonne for hot rolled products produced and exported by Yieh United Steel Corporation.

For other combination of producer/exporter, the anti-dumping duty has been pegged at $ 683.95 per tonne.

While the anti-dumping duty has been pegged at $649.55 per tonne for European Union, the duty imposed for South Africa ranges from $160.14 per tonne in the case of Columbus Stainless to $200.50 per tonne for products produced by Columbus Stainless and exported by Acerinox Malaysia.

For all other producer/exporters, the anti-dumping duty has been pegged at $1130.28 per tonne. No anti-dumping duty has been levied on hot-rolled flat products imported from South Korea.

News Category: Steel, Primary - Plates, Billets, Ingots
Steel, Finished Products – Angles, Fittings, Bends

News Type : Govt Policy

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