Indian gold demand lags on price surge; other Asian countries bet on Lunar New Year

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Gold demand in India turned weak last week as local prices jumped to their highest level in two and a half years. Traders in major buying centres in Asia have now pinned hopes on purchases ahead of the approaching Lunar New Year, Reuters reports. Local gold prices in India, world’s second-largest gold consumer, touched their […]

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Data – Details of India’s anti-dumping duty on import of stainless steel products

India has imposed Anti- Dumping Duties on imports of specified stainless-steel products vide: Notification No 61/2015- Customs (ADD) dated 11.12.2015 on imports of Cold Rolled Flat Products of Stainless Steel originating in or exported from China, Korea RP, European Union, South Africa, Chinese Taipei, Thailand and USA @ ranging from 4.58% to 57.39% of landed […]

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U.S. Commerce Department finds welded pipe from four countries subsidized; India to be penalized with maximum duty

The U.S. Commerce Department announced a preliminary finding that imports of large-diameter welded pipe from China, India, South Korea and Turkey were subsidized by those countries, as per a Reuters report. It has threatened to impose preliminary duties that could go as high as 500 per cent. The US Commerce Department had opened an investigation […]

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After India hikes import duty on crude and refined palm oil, industry wants higher tariff on soybean oil

Hailing the increase in import duty on crude and refined palm oils, India’s edible oil industry body Solvent Extractors Association (SEA) has now sought hike in custom duties on soybean and sunflower oils as well to protect the interest of the farmers. Early this week, the government increased import duty on crude palm oil (CPO) […]

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U.S. raises national security concerns over steel, aluminium imports; China threatens retaliation

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The United States declared imports of steel and aluminium from China and other countries a threat to national security in its attempt to raise import duties, a move that prompted Beijing to urge Washington for restrain and suggest it was ready to take tit-for-tat steps. A report released by the U.S. Commerce Department laid the […]

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