MUMBAI (Scrap Register): India may impose anti-dumping duty on imports of certain steel products from the European Union, Japan, the US and Korea for five years with a view to guard domestic players from cheap imports from these countries.
JSW Vallabh Tinplate Pvt Ltd and The Tinplate Company of India Ltd have filed the application for imposition of anti-dumping duty on imports of coated/plated tin mill flat-rolled steel products.
After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has recommended imposition of the anti-dumping duty on the product from these countries.
The duty recommended is in the range of $222 per tonne to $334 per tonne.
"The authority recommends imposition of anti-dumping duty equal to the lesser of the margin of dumping and the margin of injury, so as to remove the injury to the domestic industry. Accordingly, definitive anti-dumping duty...is recommended to be imposed for five years...," the DGTR said in a notification.
