TMI BlogInitiation of safeguard investigation concerning imports of “Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non-alloy steel” into India.X X X X Extracts X X X X X X X X Extracts X X X X ..... on 28th October, 2015 under Rule 5 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 by M/S Steel Authority of India Limited, M/S Essar Steel India Limited, M/S JSW Steel Limited and M/S Jindal Steel Power Ltd through M/S Lakshmi Kumaran Sridharan Attorneys, New Delhi, for imposition of Safeguard Duty on imports Hot Rolled flat sheets and plates (excluding hot rolled flat products in coil form) of alloy or non alloy steel having nominal thickness less than or equal to 150mm and nominal width of greater than or equal to 600 mm hereinafter referred to as PUC (Product under consideration) into India to protect the domestic producers of PUC against serious injury/threat of serious injury caused by t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... These products are flat products of iron, alloy or non-alloy steel, in prime or non-prime condition having as-rolled edge or trimmed edge or milled edge or sheared edge or laser-cut edge or gas-cut edge. These products may be pickled or non-pickled (with or without skin-pass or tempering), normalized or un-normalized, ultra-sonically tested or untested or oiled or non-oiled etc. These products may be as-rolled or thermo-mechanically rolled or thermo-mechanically controlled rolled or controlled rolled or normalized rolled or normalized or subject to any other similar process. These products may have patterns in relief/chequered patterns of different types derived directly during hot rolling. These products may be san ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... import data for the PUC has been taken from DGCI S (Ministry Of Commerce) from 2012-13 to 2015-16 (upto Aug,15) and same has been taken into consideration for analysis. The domestic data from 2012-13 to 2015-16(up to Sept.,15) have been submitted by the domestic industry and the same been taken into consideration for analysis. 6. Increased Imports (absolute in relative terms): PUC is imported into India primarily from Indonesia, China PR, Japan, Korea RP, Russia and Ukraine. The imports of PUC have shown an increasing trend in absolute terms as well as in relative terms during the period as shown in table below:- Year Total Imports (MT) Trend All India Prod ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same period, the market share of import increased from 12% to 13%, as shown below:- Financial Year Total Import (MT) Sales of DI (MT) Captive consumption of DI (MT) Sales of other Indian Producers (MT) Total Demand (MT) Market Share (%) DI Import 2012-13 601,667 3683111 439569 536201 5260548 70 11 2013-14 323,723 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2015-16(A) 11589959 37 (e) Profit/loss The profitability of the domestic industry has declined sharply in 2015-16(A) and they have started recording losses as shown in the following table:- Financial Year Profitability (Rs. /MT) (Indexed) ROCE(%) Indexed 2012-13 100 100 2013-14 66 71 2014-15 39 43 2015-16(A) -230 -1 (f) Inventory- The table below depicts the inventory ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... considered as an interested party may submit its request so as to reach the Director General (Safeguards) on the aforementioned address within 15 days from the date of this notice. 13. A public file containing all relevant material (non-confidential) shall be available for inspection by all interested parties in the office of the Director General (Safeguards) on the aforementioned address. [F. No. D-22011/47/2015] VINAY CHHABRA, Director General ----------------------------- Notes:- 1. Corrected vide F. No. D-22011/ 47/2015/1448 - Dated 11-12-2015 , before it was read as, (722540413, 72254019, 72254020, 72254030 and72259900) - Notification Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
