Tuesday, October 25, 2016

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Govt to impose anti-dumping duty on certain steel products

 
The Indian Government has said that it may impose anti-dumping duty on imports of certain flat steel products from China and European Union to protect the interest of domestic players from cheap in-bound shipments.

In its preliminary findings, the directorate general of antidumping and allied duties (DGAD) has recommended the duty on imports of colour coated / pre-painted flat products of alloy or non-alloy steel.

As per reports, Essar Steel India and JSW Steel Coated Products had jointly filed the application for initiation of anti- dumping investigations. DGAD has suggested the duty be the difference between the landed value of steel products and USD 849 per tonne.

As per reports, these steel products offer resistance to corrosion with barrier protection. It is used in many applications and sectors including construction, roofing, walling, paneling, cladding and decking, automotive, white goods, appliances and furniture.
 
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