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US to impose anti-dumping measures if India continues steel subsidy

The United States has warned that anti-dumping measures would be imposed against the export of Indian steel if India continued to subsidise it.

This is the second time this year that the US Commerce Department has threatened retaliatory action against India.

An official release quoting the US Commerce Department said the US, which sees the Indian subsidisation a threat to the American industry would make a final decision in this connection by July 9.

India made a record export of steel to the tune of over $194 million in 2000.

The Commerce Department has also released the figures regarding net subsidy given by various Indian steel companies to hot rolled carbon steel flat product exports.

The release said Jindal Iron and Steel gave 34.27 per cent subsidy, Ispat Industries Limited 32.05 per cent, Steel Authority of India17.95 per cent, Essar Steel 9.08 per cent, and Tata Iron and Steel Company limited 8.08 per cent. Subsidy given by other steel companies added up to 15.72 per cent.

Earlier this year United States Trade Representative threatened to remove general preferential tariff on various Indian exports since New Delhi failed to give market access to soda ash from United States. Immediately after the notice was served, India reduced the customs duty on soda ash imports in the Union Budget this year.

In another development US International Trade Commission has made a preliminary decision to continue a dumping investigation into US imports of automative replacement glass windshields from China. US import of windshields from China amounted to nearly $53 million.

UNI

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