India’s Directorate General of Trade Remedies (DGTR) has recommended the levying of antidumping (AD) duty on straight steel bars and rods of alloy steel imported from China for a period of five years, a government official said on Monday, September 10.
The DGTR completed the dumping investigations following complaints of dumping lodged by domestic steel companies like JSW Limited, Sunflag Iron and Steel Limited, Usha Martin and Gerdau Steel Limited and, having established dumping of products, has recommended an AD rate ranging $155.82/mt to $185.51/mt on straight steel bars and alloy steel rods depending on the source of imports from China, the official said.
The recommendation for levy of the AD duty has been forwarded to the Department of Revenue under the Ministry of Finance for issue of a formal notification and the levy will be effective for a period of five years from the date of such a notification, the official added.
The same DGTR investigations also covered complaints of dumping of forged bars and tool and die steel products imported from China, the official said.
However, citing from the investigation report of DGTR, the official said that no AD levy will be applicable on imports of such products from China subject to the landed price of such products being higher than $659.91/mt.
But if the landed price of such products is lower than $659.91/mt, such shipments will attract AD duty which will be equivalent to the difference between the landed price of imports and $659.91/mt, the official added.