Anti-dumping duty likely on certain steel items from China

New Delhi, June 30: The government has initiated a probe into the dumping of certain steel items used in automotive and construction industry from China, in order to protect the domestic industry.

SAIL, Rashtriya Ispat Nigam, Usha Martin and JSW Steel have filed a petition before the DGAD for initiation of anti-dumping investigation and imposition of the taxes on the alleged dumped imports of “wire rod of alloy or non-alloy steel” originating in or exported from China.

The Directorate General of Anti-Dumping and Allied Duties (DGAD) “prima facie finds sufficient evidence of dumping” of the products from that country.

“The authority hereby initiates an investigation into the alleged dumping causing consequent injury to the domestic industry... to determine the existence, degree and effect of dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry,” the DGAD has said in a notification.

The period of investigation covers July-December 2015. The injury investigation period will also cover 2012-2013, 2013-2014, 20142015, April 2015-December 2015. Besides, it said the applicants have requested for retrospective imposition of the anti-dumping duty.

The products under consideration in this probe are bars and rods, hot-rolled, irregularly wound coils, iron or non-alloy steel or alloy steel, which are commonly known as wire rods. PTI