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Government to curb skirting of anti-dumping duty on stainless steel-The 19th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
8/31/2017 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 India’s Steel Ministry is working on a way to contain the import of semi-finished steel products in a bid to aid domestic steel companies. Speaking to journalists at the sidelines of the CII Steel Summit, Secretary for the Ministry of Steel, Ms Aruna Sharma, said, “The Bureau of India Standard norms are only for stainless steel sheets. Therefore, the industry is able to import semi-finished goods lower than that standard. We will tweak the rules in 10-15 days under which if the sheets have a BIS standard you will not be able to import anything below that quality.”
BusinessLine had reported on August 13 that importers are circumventing the anti-dumping duty levied on steel products. Domestic steel manufacturers had alleged that this was possible because the entire value chain of steel product manufacturing has not been covered under the anti-dumping duty norms.
In 2015, the Centre had extended the 57 per cent anti-dumping duty on stainless steel products of up to 1,250 mm width originating from China for another five years.
By extending the BIS norms only products that will be compliant under the standards will be allowed to be imported in the country.
不锈钢展-2018第十九届广州国际不锈钢工业展-效果最好的不锈钢展会-The 19th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
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