India’s Ministry of Finance has announced its provisional antidumping (AD) duty rates regarding imports of hot rolled flat products of alloy or non-alloy steel originating in or exported from China, Japan, South Korea, Russia, Brazil and Indonesia.
Accordingly, the provisional duty rates for hot rolled flat products of alloy or non-alloy steel in coils of width up to 2,100 mm and thickness up to 25 mm imported from the six countries will be equivalent to the difference between the minimum reference price of $474/mt and the realized import price, while the minimum reference price is $557/mt for hot rolled flat products of alloy or non-alloy steel not in coils (commonly known as sheets and plates) of width up to 4,950 mm and thickness up to 150 mm imported from the given countries.
Meanwhile, last week India’s Directorate of Foreign Trade under the Ministry of Commerce announced that the products on which AD and safeguard duties were imposed were pulled out of the minimum import price (MIP) list, including flat rolled non-alloy products and zinc or lead coated steel among others.
The products subject to provisional antidumping duty currently fall under Customs Tariff Statistics Position Numbers 7208, 7211, 7225 and 7226.