The union government has imposed anti-dumping duty on colour coated steel products imported from China and European Union. The duty will be effective for six months.
The effective duty rate would be the price difference between the official rate fixed at $849 per tonne and the landed value of the product, provided the landed value is lower than $849 per tonne.
The domestic steel companies have been affected by import of certain colour coated steel products from China and European Union much below the normal value and the products are being dumped to cause injury to Indian steel producers.
The product covered under the anti-dumping include pre-painted, colour coated flat steels in coils or not in coils, excluding plates of 6mm thickness or more.
India has colour coated sheet production capacity of about 1.9 million tonne a year and the domestic consumption is about one million tonnes a year.
