India: Extend anti-dumping duty to all stainless steel products: FICCI to govt

03/01/2014 12:00 - 472 Views

With Chinese imports rising, industry body FICCI has asked the commerce ministry to take immediate steps to extend anti-dumping provisions on imports of all stainless steel flat products.

Currently, it is imposed on 600-1250 mm category only.

In a letter to S R Rao, Secretary, ministry of commerce and industry, FICCI Director Arnab Kumar Hazra said a large scale of circumvention of anti-dumping duty is happening through imports in other shapes such as stainless steel circles and outside the range of 600-1250 mm.

The circumvention trends are mostly from China from where imports of stainless steel flat products grew by 486% from 2013-14 at 14209 MT from 2009-10 at 14209 MT.

The scenario is hurting domestic industry which has both capability and capacity to supply cold rolled stainless steel flat products in complete width range of 0-1650mm.

Flat products account for 70% of the total steel market. Currently, India is the fourth largest producer and third largest consumer of stainless steel in the world.

Source: Business Standard