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India Imposes Anti-Dumping Duty on Stainless Steel Imports

New Delhi (ABC Live): Anti-Dumping Duty : 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   Anti-Dumping 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.

About Pankaj Gupta

Pankaj Gupta is Charted Accountant by profession reports on Business and Industry for ABC Live since 2006 and remained instrumental in shaping ABC News & Info Services, the parent company owning, the ABC Live.

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