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24 June 2009

India’s steel products face anti-dumping duty in Thailand

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Thailand is to impose 32 percent of anti-dumping duty on major steel products imported from India, reported an industry website

The flat products from Steel Authority of India (SAIL), Tata, JSW Steel and Essar Steel are all listed in the range of collection.

The steel import volume from India increased 350 percent during the first five months of 2009, to which Thailand committee on anti-dumping and subsidiary provided objections.

The committee suggests that Tata's anti-dumping rate is 31.92 percent, while the rate of SAIL, JSW and Essar Steel is 26.81 percent.

In India, steel companies have been demanding curbs on import of the commodity since November last year, but the government is yet to take a call on it.

While a decision on anti-dumping duty on flat steel products imported from countries like China and Ukraine is pending with the Directorate of Anti Dumping and Allied Duties, that on safeguard duty of 25 percent is awaiting clearance from the Board on Safeguards.

The steel producers have also been demanding an increase in import duty on the commodity to 20 percent from the present 5 percent.

Concerned over spurt in cheap inflow of steel products, the steel makers have filed petition for anti-dumping and safeguard duties.


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