Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India is likely to impose an anti-dumping duty on certain type of steel products, i.e., flat rolled products of stainless steel from Korea, Taiwan, EU, Japan, China, Malaysia and Indonesia. A document on the same was released by the Directorate General of Trade Remedies (DGTR).


DGTR had conducted the probe after domestic producers including Jindal Stainless, Jindal Stainelss (Hissar), Jindal Stainless Steelway Limited and Indian Stainless Steel Development Association (ISSDA) filed a request to impose anti-dumping duties of the imports of the subject goods which were produced or were being exported from the few countries; China, Korea, EU, Japan, Taiwan, Indonesia, USA, Thailand, South Africa, Mexico, UAE, Singapore, Hong Kong, Vietnam and Malaysia.


The duties levied against each country is to be imposed for five years, according to DGTR on imports of flat-rolled products of stainless steel from European Union, Japan, Korea, Malaysia and Taiwan on alleged dumping suggested DGTR. DGTR has recommended a duty between $67-944/mt after concluding that these products were being exported to India below its normal values. The domestic industry has suffered material injury stated the DGTR notification. The decision of imposing anti-dumping duties, however, lies with the Finance Ministry. 

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