BRUSSELS BACKS DEFINITIVE COUNTERVAILING DUTIES ON INDIAN STEEL BARS AND RODS
April 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has tabled erecting long-term definitive countervailing duties on imports into the European Union (EU) from India of certain stainless steel bars and rods. These would cover bars and rods not further worked than cold-formed or cold-finished, excluding those of circular cross-section of a diameter of 80 mm plus. Assuming the EU Council of Ministers backs the move, the rates would be 4.3% with some lower rates for certain exporters.
These would apply to Chandan Steel Ltd, Mumbai (3.4%); Venus Wire Industries Pvt. Ltd, ...
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