Posted on 15 Feb 2022
The Indian government has decided to reject the recommendation to impose a definitive anti-dumping duty on imports of wire rod of alloy or non-alloy steel originating in or exported from China. The Directorate General of Trade Remedies (DGTR) previously recommended extending the anti-dumping measures for five further years, Kallanish notes.
“In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, after considering the aforesaid final findings of the designated authority, has decided not to accept the aforesaid recommendations,” says India’s finance ministry.
The products under consideration were bars and rods, hot-rolled, in irregularly wound coils of iron or non-alloy steel or alloy steel, commonly known as wire rod. The products are used in automotive components, welding electrodes, springs, wire mesh, fasteners, nails, railway sleepers, and binding wires.
DGTR had recommended an anti-dumping rate equal to the difference between the landed value of the imports and $546/tonne. If the landed value of imports was more than $546/t, then no duties would be applicable.
Source:Kallanish
