Steel likely have extension on anti-dumping duty
Directorate General of Trade Remedies (DGTR) has recommended imports anti-dumping duty on some steel products imports. The duty is suggested on imports from countries like Korea, China and Japan to protect the domestic players from cheap inbound shipments.
DGTR recommended the anti-dumping duty on imports of steel products after conducting a sunset review investigation on the imports of ‘cold rolled/cold reduced flat steel products of iron or non-alloy steel or other alloy steel of all width and thickness – not clad, plated or coated’. The imported products were sourced from Japan, Korea, China and Ukraine.
Furthermore, extension of the duty has also been proposed on imports of hot-rolled flat products of alloy or non-alloy steel from sources Japan, Brazil, Korea, China, Russia, and Indonesia. DGTR said that if the duties are removed then there could be likelihood of continuing damage to the domestic industry.
In addition, DGTR has also recommended imposing anti-dumping duty on ‘Sodium Hydrosulpite’ from China and Korea.