India : Dumping of Steel in the Country.
On the basis of the petition filed by M/s Steel Authority of India Ltd., M/s JSW Steel Limited and M/s Essar Steel India Ltd, Directorate General of Anti-dumping & Allied Duties (DGAD) has initiated an anti-dumping investigation on imports of Hot rolled flat products of alloy or non-alloy steel in coils of a width upto 2100mm and thickness upto 25mm and Hot-rolled flat products of alloy or non-alloy steel not in coils (commonly known as sheets and plates) of a width upto 4950mm and thickness upto 150mm originating in or exported from China PR, Japan, Russia, Korea RP, Brazil and Indonesia on 11.4.2016.
In addition to the above, DGAD has also initiated anti-dumping investigation concerning Cold rolled/cold reduced flat steel products of iron or non-alloy steel, or other alloy steel, of all widths and thickness, not clad, plated or coated from China PR, Japan, Korea RP & Ukraine on 19.04.2016; Wire Rod of alloy or non-alloy Steel from China PR on 02.06.2016; and Colour coated/pre painted flat products of alloy and non-alloy steel from China PR and EU on 29.06.2016.
On prima-facie evidence submitted by domestic industry, the dumped imports have adversely affected the domestic industry on parameters like decline in sales, profits, output, market share, productivity etc. The investigation is under progress and the quantum of dumped imports/dumpng margin in respect of these countries will be determined after examination of the submissions made by all the interested parties from these countries during the course of investigation and the findings will be issued accordingly.
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Jul 27, 2016|
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