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India boosts duty vs. stainless flat imports to 20% from 5%

Keywords: Tags  hot-rolled stainless, 304 stainless, China stainless, India duty, stainless flat products, import duty

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"The safeguard duty imposed under this notification shall be effective for a period of 200 days (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette," India’s Central Board of Excise and Customs said.

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.

India’s 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 First.

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