NEWS
IRON and STEEL  

Indian Govt Extends Anti Dumping Duty on DI Pipe Imports from China

Anti-dumping duty on imports of Ductile Iron (DI) pipes further extended till 09th May 2019, as per recent notification by Indian government.

The Indian Directorate General of Anti-Dumping and Allied Duties under the Ministry Of Industry and Commerce has extended anti dumping duty on imports of Ductile Iron Pipes from China PR, falling under tariff of 73030030 & 73030090.

Earlier on 10th Oct'13, the government had imposed anti dumping duty. Duties were in the range of over USD 127.40 to USD 139.70/MT for the period of 5 years which was due to expire on 10th Oct 2018. However in recent notification the government has notified to further extend it for a month period till 9th May 2019.

Earlier to extend this duty, the application was filed by Electrosteel Casting Ltd., Srikalahasti Pipes Ltd., and Jindal Saw Ltd. They claimed that, the Pipe exported by China PR has injured Indian steel industry, there for anti-dumping duties should be extended to rescue industries.

The recent notification reads as and whereas, M/s Jindal Saw Limited filed a Special Civil Application No. 6896 of 2019 before the Hon’ble High Court of Gujarat and the Hon’ble High Court of Gujarat vide Judgement dated the 5th April, 2019, has ordered that-

-- The final finding impugned in this proceeding may not be acted upon till the next date of hearing.

-- The extension of anti-dumping duty ordered under the notification dated 09/10/2018 be further extended by respondent-Union of India for appropriate period, not less than

Comments:

Leave a Comment:

   
   
   
 

What Happened in China’s Graphite Electrodes Market this Week?

The Chinese graphite electrodes prices especially that of UHP grade continues to remain stable this week. The current prices in China of UHP grade GE of size 450mm are heard to be in the range of RMB 24,000 – 26,000/MT (USD 3,470 – 3,760/MT) whereas that of size 600mm are in the range of RMB 48,000 – 60,000/MT (USD 6,940 – 8,675/MT).
 

Indian Sponge Iron Export Prices Fall in Recent Deals

Amid falling Indian domestic sponge prices & decline in Bangladesh imported scrap prices, Indian sponge iron export offers have come down by USD 10-15/MT in recent deals reported, as per assessment made by SteelMint.
 

Imported HRC Offers to Bangladesh Decline Sharply Following Global Downtrend

In the latest conversation with market sources based in Bangladesh, SteelMint analyzed that imported HRC offers to Bangladesh from China witnessed significant decline by USD 20-25/MT in last couple of weeks. Bangladesh market has opened this week after Eid holidays.
 

Indian Steel Ministry Proposes Port of Entry Restrictions to Curb Imports

Aimed at restricting imports through yet another non-tariff measure, the steel ministry has solicited introduction of port of entry restrictions for scrap and second hand or defective steels.
 

Chinese Mills Raise Bids for Indian Pellets; Deals Reported

SteelMint in conversation Indian pellet makers and other market participants analyzed that bids for Indian pellets have witnessed increment this week. Following surge in global iron ore fines price, pellet export prices has also strengthened this week.
 

China: Finished Steel Exports Fall 9% in May'19

According to latest data released by Chinese customs, nation’s finished steel exports in May’19 stood at 5.74 MnT, declined by 9% over 6.33 MnT in Apr’19.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners