India imposes anti-dumping duties on stainless steel

September 1st, 2009 AK Steel to raise pricesWEST CHESTER, Ohio — AK Steel said Tuesday it will raise prices for all new steel orders. The West Chester-based steel maker said base prices will increase by $40 per ton hot-rolled products, $50 per ton for cold-rolled products and $60 per ton for coated products.

August 7th, 2009 NEW DELHI - Union Steel Minister Virbhadra Singh on Friday said that India is "seriously considering" putting curbs on exports. Singh informed this in the national capital during an industry event.

July 10th, 2009 BANGALORE - The Bharat Earth Movers Limited (BEML) is all set to manufacture indigenously designed low-cost metro railway coaches for Mass Rapid Transport Systems (MRTS) in the cities. Talking to reporters here on Thursday, V R S Natarajan, Chairman and Managing Director of BEML said, " The BEML has furnished a turnkey proposal to the central government to facilitate the execution of supplying the low-cost rakes to the two and three tier cities where the metro railway network is envisaged." "Each of the rakes is estimated to cost rupees six crores," he added.

June 28th, 2009 NEW DELHI - A leading industry body has called for increasing customs duty on steel from 5 percent to 10 percent as consumption of local steel by domestic users was falling. According to the Federation of Indian Chamber of Commerce and Industry (Ficci), imported steel accounted for over 11 percent share of consumption, as compared to 6 percent a few years ago.

June 19th, 2009 NEW DELHI - The government has extended the anti-dumping duty on Vitamin-C imported from China for another five years, the Central Board Of Excise and Customs (CBEC) said Friday in a notification. The duty, at the rate of $3.99 per kilogram of the vitamin, was imposed in October 2003 for five years.

June 10th, 2009 NEW DELHI - Steel Minister Virbhadra Singh Wednesday pushed for divestment of stake in companies under his ministry and said he would take up the issue of adequate supplies of feedstock for steel units with the states concerned. "If the policy of disinvestment is approved, we have some companies on our mind, Singh told reporters while presenting his ministry's agenda for the next 100 days.

June 3rd, 2009 China launches trade probe of US, Russia steelBEIJING — China is investigating imports of U.S. and Russian steel under anti-dumping rules amid a rise in Chinese imports of the metal.

June 3rd, 2009 NEW DELHI - Minister of State for Steel A. Sai Prathap today said that demand of steel producers for measures to curb the threat of cheap steel imports and dumping must be immediately addressed.

May 13th, 2009 ThyssenKrupp 2Q net loss €362 millionFRANKFURT — German steelmaker and industrial company ThyssenKrupp AG booked a net loss in the second quarter, due to a dramatic drop in demand amid the recession, and predicted an operating loss for the full year while saying it would slow work on a new Alabama plant. The Duesseldorf-based company, Germany's largest steel producer, said late Tuesday it lost €362 million ($496 million) in the January-March period, compared with a net profit of €502 million in the second quarter of 2008.

May 13th, 2009 ThyssenKrupp 2Q net loss euro362 millionFRANKFURT — German steelmaker and industrial company ThyssenKrupp AG booked a net loss in the second quarter, due to a dramatic drop in demand amid the recession, and predicted an operating loss for the full year while saying it would slow work on a new Alabama plant. The Duesseldorf-based company, Germany's largest steel producer, said late Tuesday it lost euro362 million ($496 million) in the January-March period, compared with a net profit of euro502 million in the second quarter of 2008.

May 7th, 2009 NEW DELHI - India initiated 42 investigations into anti-dumping activities in the second half of 2008, the highest among the total 120 such cases moved by the World Trade Organisation (WTO) members. Data released here Thursday by WTO showed that the last half of 2008 saw 16.5 percent jump in anti-dumping cases to 120 from 103 in the like period of the previous year.

May 5th, 2009 NEW DELHI - The government is considering imposing safeguards duty and anti-dumping measures on cheap imports of auto components, a senior official said here Tuesday. 'The industry has approached the government as it is worried about cheap auto component imports that can harm the sector,' Surajit Mitra, additional secretary at the Department of Heavy Industries, said.

April 24th, 2009 WTO rules against US in trade dispute with JapanGENEVA — The World Trade Organization ruled against the United States on Friday in a trade case, saying it continued to apply illegal import duties on Japanese steel products and ball bearings. The 65-page verdict says Washington had failed to change how it sets fees for goods it suspects are being sold in the U.S.

March 31st, 2009 HANOI - Vietnamese authorities Tuesday criticised India's decision to impose anti-dumping duties on Vietnamese textiles. 'This decision is unfriendly and unreasonable,' said Nguyen Thanh Bien, Vietnam's deputy minister of trade and industry.

February 14th, 2009 BERLIN - Germany is investigating 150 tonnes of steel items imported from India which were contaminated with radioactivity, the Der Spiegel news magazine said in a report to be published in its Monday issue. It said the most serious case was five tonnes of stainless steel wool which had to be disposed of by a nuclear waste company, GNS.