Updates

Initiation of sunset review anti-subsidy investigation concerning imports of “certain hot rolled and cold rolled stainless steel flat products” from China PR (08.10.2021)

Product description – The product under consideration (PUC) is “Flat rolled products of stainless steel, whether hot rolled or cold rolled of all grades/series; whether or not in plates, sheets, or in coil form or in any shape, of any width, of thickness 1.2mm to 10.5mm in case of hot rolled coils; 3mm to 105 mm in case of hot rolled plates & sheets; and up to 6.75 mm in case of cold rolled flat products. Product scope specifically excludes razor blade grade steel.”

HS Codes – The product is classified under Chapter 72 the Customs Tariff Act, 1975 under subheading 7219 and 7220.

Uses – The subject goods are used extensively for Architecture, Building and Construction; Automobile, Railway and Transport; Process Engineering; Consumer Durables; and other such as Coin Blanks and Blades.

Countries involved – China PR

Applicant – M/s. Jindal Stainless Limited and M/s. Jindal Stainless (Hisar) Limited

Period of investigation – April 2020 to March 2021.

Injury period –April 2017 to March 2018, April 2018 to March 2019, April 2019 to March 2020 and the period of investigation.

Past investigations involving the product – Countervailing duties were first levied vide notification no 01/2017- Customs (ADD) dated 07th September, 2017.

Facts of the present case – The Applicants have alleged that the subject goods in the China PR continue to be benefitted from actionable subsidies provided at various levels by the Chinese government at various levels including the provinces and districts in which producers/exporters are located. The Applicants have identified various subsidy programs related to grants; Tax and VAT incentive; Loans and Export Financing; Equity infusions; and provisions of goods and services for less than adequate renumeration.

Consumer sector – The consumers of the product would primarily be construction, automobile, Machinery etc.