India eyes Chinese wire rod anti-dumping duty extension
Posted on 02 November 2021
India has initiated a sunset review into extending anti-dumping duties on wire rod of alloy or non-alloy steel originating in or exported from China.
Provisional anti-dumping duties were initially imposed in November 2016 for six months. The authority imposed definitive anti-dumping duties for five years in October 2017, effective from November 2016 and valid up to November 2021, Kallanish notes.
The Indian Steel Association (ISA), on behalf of the Steel Authority of India (Sail), RINL, Tata Steel Long Products, and JSW Steel, filed an application for the sunset review.
The domestic industry or any interested party has not made any submission regarding the scope of the product under consideration in the present review investigation. The authority, however, considered the products decided in the original investigation in 2017. The subject goods exported to India are identical to the goods produced by the domestic industry.
The products concerned include 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 under consideration are used in automotive components, welding electrodes, springs, wire mesh, fasteners, nails, railway sleepers, and binding wires.
The scope excludes bars and rods containing indentations, ribs, grooves, or other deformations produced during the rolling process falling under HS code 72131090. Also, bars and rods under HS codes 7221 and 72271000.
The Directorate General of Trade Remedies (DGTR) has recommended to the Department of Revenue the continuation of anti-dumping measures for a further period of five years. The anti-dumping duty will be effective from the date of notification to be issued by the Department of Revenue.
The anti-dumping rate will be the difference between the landed value of the imports and $546/tonne, as fixed by the DGTR. If the landed value of imports is more than $546/t, then no duties will be applicable, says DGTR.Source : Kallanish