The Indian government has extended its anti-dumping duty on hot-rolled flat products of stainless steel 304 grade from China, Malaysia and Korea till December 4, 2020, according to media reports.
Anti-dumping duty on these SS produces from the three countries was first imposed on June 5, 2015, for five years by the finance ministry. In October 2019, a sunset review of these imports into India was initiated by the Directorate General of Trade Remedies. The period of investigation (POI) for this investigation was April 2018-March 2019 and the injury investigation period would consider imports in the years 2015–2016, 2016–2017, 2017- 2018 and the POI.
Jindal Stainless (Hisar) Limited and Jindal Stainless Limited had jointly filed a review petition for the continued imposition of anti-dumping duty on these stainless steel product imports.
In 2015, an anti-dumping duty of $309/mt was levied for products from China, $316/mt from Malaysia and $180/mt from the Republic of Korea. This extension of anti-dumping duties could safeguard domestic industry against unfair trade practices and provide a level playing field.