Director General of India for Trade Protection Funds (DGTR) recommended introducing an anti -dumping fee (AD) on the import of alloys and illegal hot -rolled flat products from Vietnam, according to a notification published on Friday, August 15. 121.50/MT for imports of hot -rolled flat rental from Vietnam for a period of five years.
The recommendation will be sent to the Ministry of Finance and will come into force from the date of official notification by the Department of Revenues. Investigations of the discharge of hot -rolled flat steel products, both alloyed and illegal, but not plated, covered or coated with a thickness of up to 25 mm and up to 2100 mm wide.
These products are used in the main industries, including automobile, oil and gas, capital goods, construction and construction and construction and construction and construction and construction and construction. Mechanical engineering. From this area of use, hot -rolled flat stainless steel products are specially excluded.
Demry investigation was started in August 2024 after the petition filed by JSW Steel limited and ArcelorMittal Nippon Steel limited.
DGTR investigation came to the conclusion that Vietnam Import (with the exception of Hoa Phat Dung Quat Steel JSC) is dumped with significant margin, while the estimated dumping margin for non-cooperating manufacturers/exporters is 20-30-30 percent.
