It would also cover the period of 2012-13, 2013--15.Countries start anti-dumping probes to determine whether their domestic industries have been hurt because of a surge in below-cost imports.The government said in its statement that the leaders discussed tourism in considerable depth, as well as opportunities regarding international business, reinsurance and investment potential.
The domestic steel companies had claimed that the increasing imports had resulted in deterioration of their sales, production, capacity utilisation, market share and returns on capital employed.
November 14, 2011DGAD Final Difference between the landed value and the reference price of USD $1491/metric ton Customs Final October 4, 2012Difference between the landed value and the reference price of USD $1491/metric ton Respondent Nations: United States, European Union, China, Kenya, Pakistan, Iran, Ukraine While DGAD recommended termination of duties, a court case is ongoing.
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"Our steel industry is in a critical phase with margins and profitability under severe strain primarily due to dumping at predatory prices into India," said Jayant Acharya, director (commercial & marketing) at JSW Steel.
"Such unfair trade affects our viability like it has affected steel industry in the rest of the world.
Customs has continued the duties pending the outcome of the court case.
The finance ministry has given more time till September 28 to the DGAD to complete the anti- dumping investigations on imports of a certain variety of steel products from China and the European Union (EU).
The commerce ministry's investigation arm - Directorate General of Anti-dumping and Allied Duties (DGAD) - is probing alleged dumping of 'colour coated /prepainted flat products of alloy or non-alloy steel' from China and the EU.