Procedure for filing anti-dumping duty cases to be simplified

Likely to accrue a benefit of $100 billion to domestic steel sector

After pruning the list of products under minimum import price (MIP) and imposing anti-dumping duty of select countries, the government will now work to streamline the procedure for filing and initiating anti-dumping duty cases.

This is likely to benefit the $100-billion domestic steel sector, which is facing an onslaught of cheap imports, Steel Secretary Aruna Sharma told reporters here on Wednesday on the sidelines of the international conference on minerals, metals, metallurgy and materials.

“The commerce and finance ministries have been very supportive and, for the first time, we've been able to bring such a large chunk under anti-dumping duties. Having said that, it is very important to do the homework well and bring as many as under anti-dumping duty,” said Sharma.
 

 

She said the government would take at least two months to finalise the process. For safeguarding the domestic steel industry, the better way to go about is through ADD and safeguard duty. MIP is a short-term measure, it is like an SOS," said the secretary.

"The government is analysing the models across the globe and will see which models are the fastest to get relief and better," Sharma added.

The government recently extended the MIP norms to 66 steel items for two more months, pruning the existing list of 173 products. The government also imposed an ADD for six months on import of hot-rolled steel products from six nations, including China and South Korea, to shield domestic manufacturers.