MUMBAI, India The Indian
government has raised its "safeguard duty" on Type 304
hot-rolled stainless steel flat product imports from China to
20 percent from 5 percent previously.
"The safeguard duty imposed
under this notification shall be effective for a period of 200
days (unless revoked, superseded or amended earlier) from the
date of publication of this notification in the Official
Gazette," Indias Central Board of Excise and Customs
The director-general of
safeguards imposed the duty to protect domestic producers of
the material, the agency said.
The items affected are Type 304
hot-rolled stainless flat products up to 1,605 millimeters
wide, including all austenitic grades with a minimum nickel
content of 6 percent also containing chromium but with or
without the presence of other alloying elements such as
molybdenum and titanium.
India imports close to 300,000
tonnes of stainless steel from China.
Indias main producers of Type 304 hot-rolled coil
include Jindal Stainless Ltd. and Steel Authority of India
Ltd.s Salem steel plant.
A version of this article was first
published by AMM sister publication Steel