NITYA | Wire Rod and Color Coated Steel | Anti-Dumping Duty Review | Trade Law Insight | Issue 3
Recently, Directorate General of Trade Remedies (‘DGTR’) initiated sunset review of anti-dumping duty (‘ADD’) imposed on import of wire rod of alloy or non-alloy steel (‘Wire Rod’) from China PR and color coated / pre-painted flat products of alloy or non-alloy steel (‘Color Coated Steel’) from China PR and European Union.
|Automotive components, welding electrodes, springs, wire mesh, fasteners including nuts and bolts, nails, railway sleepers, general engineering, binding wires for construction industry, armoured cables etc.
|USD 535/MT to 546/MT
|November 1, 2021
|Color Coated Steel
|Offers resistance to corrosion along with barrier protection and used in many applications and sectors including construction, roofing, walling, panelling, cladding and decking, automotive, white goods & appliances and furniture etc.
|USD 822/MT as reference price
|January 10, 2022
DGTR will now undertake review to examine whether ADD imposed earlier should be further extended for another five years or not.
ADD was originally imposed on Wire Rod in 2016 and Color Coated Steel in 2017. Since then dynamics of above sectors as well as Government’s outlook surrounding above sectors has changed. Of late, the Government has rejected proposals for ADD or anti-subsidy duty or has suspended them.
Post COVID-19, Government is evaluating the effects of trade remedy measures from user and public interest perspective and in many cases, rejecting proposals for ADD. It is, however, important for interested parties likely to be affected, to participate in anti-dumping investigations and present complete facts to the fact-finding body to the DGTR. Otherwise, it is likely that the DGTR will consider one-sided facts presented by the Indian domestic industry and recommend continuation of ADD, which will again adversely impact importers and users in India, both in terms of supply and prices.
Interested parties need to register with DGTR and file submissions in prescribed format within 37 days from date of initiation.