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Recent trade relations in Asian steel market and duties on imported steel products

Posted:2020-06-30 18:26:00

The Indian government has decided to impose anti-dumping duties on some flat steel products imported from China, South Korea and Vietnam from June 23, 2020, including aluminum zinc coated plates, with a duty rate of 13.07-173.1 US dollars / ton for a period of five years.

The Ministry of Trade and Industry of the Philippines has launched a preliminary trade investigation on some imported coated steel products to determine whether to implement import safeguard measures. The cases involved include galvanized steel sheet, color coated galvanized steel sheet, color coated aluminum zinc plated steel sheet and various kinds of aluminum zinc plated steel.
steel products

The Building Materials Manufacturers Association of Bangladesh has urged the government to impose tariffs on imported finished steel products to protect the domestic steel industry. Rizvi, President of the association, said that since the outbreak of covid-19, raw materials in the construction and steel industry have suffered heavy losses, and 95% of the industrial raw materials are imported from China. In the long run, it will be difficult for local steelmakers to survive.


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