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ISSDA concerns on revocation of duties on stainless steel imports

ISSDA concerns on revocation of duties on stainless steel imports
By
IANS
|
Published on
Thu, Feb 25 2021 19:42 IST
|
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Steel Industry.. Image Source: IANS News
New Delhi, Feb 25 : Indian Stainless Steel Development Association (ISSDA), the country s apex stainless steel body, has voiced concerns about the impending adverse impact on domestic industry due to the temporary revocation of trade remedial duties on importing stainless steel, as announced in this year s Union Budget.
ISSDA, along with four major associations representing MSME stainless steel producers, namely the Wazirpur Industrial Estate Welfare Society, Delhi; Rajasthan Stainless Steel Re-rollers Association, Jodhpur, Rajasthan; Jagadhri Stainless Steel Re-roller Association, Haryana; and Stainless Steel Re-rollers Association, Ahmedabad, Gujarat has urged the government to reconsider this step as it will distort the domestic market by flooding it with su ....

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Chromeni Steel welcomes rollback of anti-dumping, CVD on steel imports

Chromeni Steel welcomes rollback of anti-dumping, CVD on steel imports
February 03, 2021
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This will create a level playing field for the stainless steel sector, including the end-user industries, says Director
Chromeni Steels Pvt Ltd a Chinese joint-venture of Gujarat’s four business groups welcomed the Budget proposals to rollback anti-dumping, and countervailing duties on imports of stainless steel products.
Based in China’s Zhejiang province, Tsingshan Industries had formed a JV with a group of business houses from Gujarat including Sunrise Group, Suncity Group, JP Iscon Group and VD Group to set up a cold rolled coils plant at Mundra in Gujarat. ....

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Chromeni Steels welcomes budget proposals to rollback anti-dumping, and countervailing duties on imports of stainless steel products

Chromeni Steels welcomes budget proposals to rollback anti-dumping, and countervailing duties on imports of stainless steel products
AHMEDABAD, India, Feb 2, 2021 /PRNewswire/ Chromeni Steels Private Limited, in a statement issued today has welcomed recently announced budget 2020-21 proposal to revoke provisional countervailing duty imposed vide notification No 02/2020-Cus (CVD) dated 09.10.2020 on Flat rolled products of stainless steel originating in or exported from certain countries.
Chromeni Steels also welcome the budget proposal to revoke anti-dumping duty on Cold-Rolled Flat Products of Stainless Steel of width 600 mm to 1250 mm and above 1250 mm of non-bonafide usage originating in or exported from People s Republic of China, Republic of Korea, European Union, South Africa, Taiwan, Thailand and United States of America upon its expiry. ....

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Budget 2021: To rein in steel prices, import duties slashed, curbs on imports removed even for China

Budget 2021: To rein in steel prices, import duties slashed, curbs on imports removed even for China
Prices of key raw materials including steel have gone up as strong demand from China at a time when most countries were under a shutdown last year created an acute demand supply gap
Sumant Banerji | February 1, 2021 | Updated 19:25 IST
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In a bid to contain runaway steel prices in the domestic market, which have gone up by over 50 percent in some cases, the government has reduced import duties on a host of items. Further, safeguard measures like anti dumping and countervailing duties have been revoked on some products including those from China. ....

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