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INDIAN COMMERCE MIN PROPOSES STAINLESS STEEL ANTI-DUMPING DUTY.

AsiaPulse News

| April 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, April 1 Asia Pulse - Unfazed by a World Bank report highlighting India as the most active nation in anti-dumping measures, the Commerce Ministry has recommended levying such a duty on import of stainless steel from China, the European Union and six other countries.

Acting on a petition by Jindal Stainless Ltd, the pre-dominant domestic producer of stainless steel, the Directorate General of Anti-dumping and Allied Duties has recommended a maximum levy of US$1,823 per tonne on import of cold-rolled flat stainless product from China, officials said.

The level of such duty on the product, mainly used by the automotive industry, varies from country-to-country and the imports from China would be subjected to a maximum level, once ...

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