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Anti-dumping levy on alloy steel sought
ENS ECONOMIC BUREAU
MUMBAI, May 10: The Alloy Steel Producers Association (ASPA) has decided to
file anti-dumping petitions with the government demanding the immediate
imposition of `provisional' additional customs duty on large-scale dumping
of many alloy steel grades.
ASPA, which is the apex body of the steel industry, is of the view that the
liberalised import policy has resulted in large-scale dumping. This, it
said, had damaged and caused injury to the legitimate interest of the Indian
industry.
The association contended that the countries indulging in dumping are
Brazil, Turkey, South Korea, Japan, Italy, Taiwan and United Kingdom.
The petitions will highlight the magnitude of dumping and shall alert the
government to the grave consequences if suitable anti-dumping levies are not
adopted soon.
Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.
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