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Govt imposes 5-57% anti-dumping duty on cold-rolled steel

The duty has been imposed on countries such as China, US, South Africa, Thailand and Taiwan

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The government has imposed an anti-dumping duty ranging from 5-57 percent on cold-rolled steel for a period of five years. The duty has been imposed on countries such as China, US, South Africa, Thailand and Taiwan. The highest duty has been levied on steel from China. This is as high as 57.39 percent.

Anti-dumping duty of 9.47 percent has been levied on cold-rolled flat products of stainless steel from the US, 29.41-52.56 percent from EU and 5.39 percent from Thailand.

In a statement, the government observed:

1. There is continued dumping of the subject goods from subject countries/territories, though the volume of imports has declined after imposition of duties;

2. The performance of the domestic industry has deteriorated in the current injury period due to the impact of the dumped imports from the subject country and diversion of imports to product ranges outside the scope of the product under consideration;

3. The dumping is likely to continue and the performance of the domestic industry is likely to deteriorate, should the present anti-dumping duty is revoked.

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