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Stainless steel importers skirting anti dumping duty - JSL-The 19th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
8/15/2017 不锈钢展-不锈钢展会-效果最好的不锈钢展会- Stainless Steel Exhibition |
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Business Line reported that Indian domestic steel manufacturers have alleged that importers are circumventing the anti dumping duty levied on steel products. This has been made possible because the entire value chain of steel product manufacturing has not been covered under the anti dumping duty norms. Local stainless steel manufacturers allege greater injury and say that widths above 1,250 mm are being imported only to circumvent the anti-dumping duty.
A domestic steel manufacturer told BusinessLine: “There is an entire value chain in steel products. If I want a final product that comes under a higher duty structure, I can get a stage before that and then get the fabrication or customisation done at the port of entry.”
Mr Abhyuday Jindal, Vice-Chairman at Jindal Stainless, said “The domestic stainless steel industry continues to suffer as dumping continues unabated. The measures taken by the government to check imports have been rendered ineffective as importers are finding new ways to sidestep these laws. We have taken up this matter with the government, and we hope to reach a solution very soon.”
In a statement to the exchanges, Jindal Stainless said threat from sub-standard imports from China continued unabated. Imports of stainless steel flat products in India increased to over 42,000 tonnes in June 2017, from over 19,000 tonnes in April, thereby distorting fair market pricing.
-The 19th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
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