After anti-dumping duty, US imposes non-tariff barrier on Indian shrimps

The U.S. administration has imposed a non-tariff barrier by including shrimps in the Seafood Import Monitoring Program (SIMP), which may hurt exports from India as the United States is the largest market for $5 billion Indian seafood industry. SIMP requires traceability information on imported seafood from point of capture to point of first sale in the US in order to […]

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India’s domestic steel companies to urge government to revise anti-dumping duty on steel products

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India’s primary domestic steel producers will ask the government for a mid-term review of the anti-dumping duty on hot- and cold-rolled steel products in the wake of a sharp rise in raw material prices since the duty was imposed in August 2016, a newspaper report said. “The raw material price increase from August 2016 to March 2018 has been significant and […]

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EU imposes definitive anti-dumping duties on Chinese corrosion resistant steel

The European Union (EU) Commission has imposed ‘definitive’ anti-dumping duties on corrosion resistant steel from China until 2022. A probe had already led to imposition of provisional duties in August last year. However, further investigation has now confirmed that Chinese producers were dumping the product in the EU market. This duties will range from 17.2% […]

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Export of steel flanges from China and India to be probed by US for possible dumping

The U.S. Department of Commerce has begun an investigation into possible dumping and subsidising of stainless steel flanges from China and India. Commerce Secretary Wilbur Ross announced the trade action in a statement, saying: “The Department will act swiftly, while assuring a full and fair assessment of the facts, to ensure that everyone trades on a level playing field.” In 2016 […]

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India slaps duties on Chinese flat steel products, says move to give domestic firms level playing field

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India slapped a total of nearly 19 percent countervailing duty (CVD) on imports of stainless steel flat products from China for the next five years, and the steel minister said the move will help the local industry find a level-playing field. “CVD on stainless steel will strengthen the ongoing efforts of Indian industry for moving […]

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Bearish fundamentals doesn’t stop Rabobank from revising Q3 palm price outlook

Rabobank has revised its CPO price forecast for the third quarter to an average of Malaysian ringgit 2,500/mt ($584/mt) from its July prediction of 2,400 ringgit despite bearish factors, including India’s decision to hike import duty and the US move to impose anti-dumping duty on Indonesian biodiesel. In its latest monthly commodities note released last […]

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