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India extended the tariffs on stainless steel rolling

23 December 2015

Indian CBEC to extend the tariffs in respect of cold-rolled stainless steel. Its width ranges from 600 to 1250 mm. The validity of the newly admitted duty — 5 years. Fees will be applied to shipments from China, EU, Taiwan, Thailand, South Korea, the US, South Africa. Renewals held in conjunction with the recommendation of the Directorate General of Anti-dumping duties. Previous bids have ceased to have effect in April this year. Then the steel companies in India insisted on re-investigation. As a result, the Commission concluded on the inadmissibility of resumption of imports. In this case, once again arise of dumping and the threat of damage to producers in India.

fees will amount to Thailand from 4.58 to 5.39%, 9.47% for the US. European producers will pay a fee in the amount of 52.56%. Tariffs on Chinese stainless steel production amounted to 57.39%. Dimensions duties repeat the value of previous tariffs. In June 2015 the authorities of India's restrictions were placed on the hot-rolled stainless steel. Anti-dumping duties raised a number of categories of rolled products of China, South Korea and Malaysia. Duties size ranged from 108 to 316 USD / ton.

Release of the Indian stainless steel in 2014−2015 fiscal year amounted to about 3 million. Tons. At the same time the existing facilities are able to produce 5 million. Tons. Metallurgists of the country, indicating the reasons for underutilization, mention significant volumes of imports. However, analysts believe that the tariffs imposed on cold-rolled stainless steel, will not save the situation. Fees were introduced in 2010, after which the steel suppliers to deliver the goods, whose width exceeds 1250 mm. Representatives of Indian metallurgical sector advocate for full restrictions in this market segment.

The country's media talk about the possibility of import restrictions by non-tariff measures. Some sources claim that the Government of India is considering such possibilities. One solution is the issue of the ban, sales and distribution of all steel products. The exception was the goods, with the specification of the Bureau of the country's standards. (BIS). If approved, the provisions of the volume of imports will decrease in real. And this measure is more effective than protective duties. In this case, providers simply bypass tariffs violating BIS standards. At the same time Indian manufacturers will be able to produce products that do not meet these standards. It is imperative that their exports outside India.

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