India May Impose AD Duty on Flat Stainless Steel Imports
India’s Directorate General of Trade Remedies has recommended imposition of anti dumping duty for 5 years on imports of Flat Rolled Products of Stainless Steel from European Union, Japan, South Korea, Malaysia, China, Indonesia and Taiwan. The duty recommended by DGTR ranges between USD 67 per tonne to USD 944 per tonne. In its final findings after concluding the probe, DGTR concluded that the product has been exported to India from these countries below its normal value, which led to dumping of the product. India’s domestic industry has suffered material injury. The DGTR conducted the probe following complaints by domestic manufacturers. The Finance Ministry takes the final call to impose the duty.
Duty Table (7019 & 7020)
South Korea - Hyundai BNG Steel Co Ltd USD 57; POSCO SPS & POSCO USD 155; DK Corporation USD 259; Others USD 370
Japan - NIPPON STEEL Stainless Steel Corporation USD 282; Nippon Steel Corporation USD 116; JFE Steel Corporation USD 67, Others USD 374
EU - Outokumpu Stainless Oy, Outokumpu Stainless AB, Outokumpu Nirosta GmbH, Outokumpu Service Center GmbH, Outokumpu SpA, Outokumpu PSC Benelux BV, Outokumpu Press Plate AB Zero; SIJ Acroni doo Slovenia USD 944; Others USD 592
Malaysia - Bahru Stainless SDN BHD USD 237; Others USD 474
China – USD 454
Taiwan – USD 336
Indonesia - PT Indonesia Guang Ching Nikel and Stainless Steel Industry, PT Indonesia Ruipu Nickel and Chrome Alloy, PT Indonesia Tsingshan Stainless Steel (Tsingshan Group) USD 167; Others USD 441
The product under consideration is “Flat Rolled Products of Stainless Steel” excluding the following
Hot rolled stainless steel of 304 grade and width up to 1650mm from China, Malaysia and Korea, wherein antidumping duty was recommended vide notification no 14/30/2013-DGAD, dated 9th March, 2015 and imposed vide customs notification no. 28/2015-Customs (ADD) dated 5th June, 2015.
Cold rolled stainless steel of 600 mm and above from China, Korea, EU, USA, Taiwan, Thailand, South Africa, except cold rolled stainless steel of more than 1250 mm having bonafide use as more than 1250 mm, wherein anti-dumping duty was recommended and imposed vide customs notification no. No. 14/2010-Customs, dated 20th February 2010. The said duties were recommended to be extended vide notification no. 5/04/2014-DGAD, dated the 12th October 2015 and were extended vide customs notification no 61/2015- Customs (ADD) dated 11th December 2015.
Blade Steel, also commercially known as razor blade grade steel used in production of razor.
Coin blank falling under 73269099 HS Code used in production of monetary coins.
Flat Rolled Products of Stainless Steel of width more than 1650 MM having bonafide use as more than 1650 MM.
Flat Rolled Products of Stainless Steel of thickness greater than 80 MM.
Flat Rolled Products of Stainless Steel of grades ‘types JFE20-5USR, JFE18-3USR NASJ35X (N08020), & NAS.800 (N08810 N088U), N10276, N06022, N06625, N08825, N06601 and N06600
Product supplied under Indian Patent No. 223848 in respect of goods comprising Low Nickel containing Chromium-Nickel Manganese-Copper Austenitic Stainless steel and representing Grades YU 1 and YU 4, produced and supplied by Yieh United Steel Corp (Yusco) of Chinese Taipei (Taiwan).
Grade S-Star, S-Star A and G Star, (b) DSN-9 and (c) K-SF24 grade exported from Daido Steel Co. Ltd.
Nickel-based alloys grades such as N10276, N06022, N06625, N08S25, N06601 and N06600
Source - Strategic Research Institute