NTC slaps anti-dumping duty on Chinese origin galvanized steel

KARACHI: The National Tariff Commission (NTC) has imposed definitive anti-dumping duty on Chinese origin galvanized steel coils/sheets in the range of 6.09-40.47 percent for a period of five years starting February 08, 2017.

According to a notice issued to Pakistan Stocks Exchange (PSX) by International Steels Limited, duty would not be levied on imports from other sources. The duty would not be levied on imports that are to be used as inputs in products destines solely for exports.

NTC initiated anti-dumping investigation on august 11, 2015 on the request of domestic industry producing galvanized steel coils and sheets against the dumping of same products from China into Pakistan causing material injury to local industry.

The Commission established that the domestic industry suffered material injury on account of increase in volume of dumped imports, price undercutting, price depression, decline in market share, sales, capacity utilization, return on investment, negative effect on cash flows and increase in inventories.

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