New Delhi: Thai authorities are about to slap up to 32% anti-dumping duty on import of a vital steel product from India even when the Indian government has remained indecisive on a similar curb against inflows from China, Ukraine, Egypt and other countries.
The Indian firms which will face anti-dumping duty in Thailand include SAIL, Tata Steel, JSW Steel and Essar Steel on their export of flat hot-rolled coils, used by the manufacturing sector, as per a notification of the Thai Foreign Trade office circulated to Indian industry by the Engineering Export Promotion Council.
However, the Thai Committee on Dumping and Subsidy, which has cited over 350% surge in imports from India during January-May this year, has given a chance to the Indian companies to put forth their objections to it within a month.
The Thai committee has recommended a maximum 31.92% anti-dumping duty on import of the steel product manufactured by Tata Steel and other companies. In the case of SAIL, JSW Steel and Essar Steel, the duty stands at 26.81%, the EEPC circular said.
Indian steel companies have been demanding curbs on import of the commodity since November last year, but the government is yet to take a call on it.
While a decision on anti-dumping duty on flat steel products imported from countries like China and Ukraine is pending with the Directorate of Anti Dumping and Allied Duties, that on safeguard duty of 25% is awaiting clearance from the Board on Safeguards.
The steel producers have also been demanding an increase in import duty on the commodity to 20% from the present 5%.
Concerned over spurt in cheap inflow of steel products, the steel makers have filed petition for anti-dumping and safeguard duties.
Endorsing the industry’s concern, the steel ministry is understood to have recommended an enhancement in import duty on steel items in the range of 10-15%.
During April-May, India’s steel imports rose by 6% 10.57 lakh tonnes, to which contribution of hot-rolled coils was 28% at 3.5 lakh tonnes.