Thailand slaps anti dumping duty on flat steel imports from India.

Indian Express reported that Thailand has imposed a provisional safeguard duty on import of rolled flat steel products of a certain specification, a major export from India.

The 33.11% duty, which has been imposed by Thailand's Department of Foreign Trade from February 27th would continue to be in effect till the first week of August. The duty imposed by Thailand would be in effect against imports from other nations too.

Thailand's Committee on Safeguards in its report submitted to the DFT said that "The Committee on Safeguard measures has reached a preliminary determination on January 31st 2013 that it is imperative to impose provisional safeguard measures against imports of the products concerned since there is clear evidence that increased imports have caused serious injury to domestic industry."

The DFT has told the Indian mission that the anti-dumping duty has been imposed in accordance with the provisions of the World Trade Organization.

According to a senior steel ministry official, the total exports of Indian hot rolled flat steel products to Thailand is to the tune of 100,000 tonnes to 150,000 tonnes annually.

The move comes close on the heels of the Indonesian government deciding to continue anti dumping duty against two leading Indian steel firms JSW Steel and Essar Steel.


Source :  steelguru.com