Thailand to impose anti-dumping duty on Indian steel products

June 23 MetalBiz-Thailand is to impose 32% of anti-dumping duty on major steel products imported from India. The flat products from Steel Authority of India (SAIL), Tata, JSW Steel and Essar Steel are all listed in the range of collection.

The steel import volume from India increased 350% during the first five months of 2009, to which Thailand committee on anti-dumping and subsidiary provided objections. This committee suggests that Tata's anti-dumping rate is 31.92%, while the rate of SAIL, JSW and Essar Steel is 26.81%.

Meanwhile, to impose duties on imported steel from China, Ukraine and etc. is still pending. Indian steel manufacturers advised Indian government to levy 25% protective tariff from Dec. last year, but the government has not given clear response. Indian steel enterprises also advocate adjusting up import duty to 20% from 5%, thereinto, steel import tariff is 10%-15%. It is understood that Indian steel import volume increased 6% m-o-m in April and May, thereinto, HRC is up 28% m-o-m, reached 350,000tons.