On August 7, 2020, the General Administration of Trade Remedies of the Ministry of Commerce and Industry of India announced the preliminary results of an anti-subsidy investigation on stainless steel flat products originating in or imported from Indonesia. The bureau believes that related products are exported to India at subsidized prices, causing substantial damage to Indian domestic industries, and it is necessary to impose temporary countervailing duties. The specific tax rate (calculated based on CIF value) is as follows:
Indonesia Guangqing Nickel and Stainless Steel Industry Company (GCNS), Indonesia Qingshan Stainless Steel Co., Ltd. (ITSS), Indonesia Ruipu Nickel-Chromium Alloy Co., Ltd. (IRNC) 22.31% each, PT IMR ARC Steel 22.65%, other Indonesian manufacturers, from Indonesia 24.83% of exports from non-Indonesian producers.
On October 18, 2019, the Indian Ministry of Commerce and Industry initiated an anti-subsidy investigation on stainless steel flat products originating in or imported from Indonesia at the request of a company under the Indian Jindal Stainless Steel Group and the Indian Stainless Steel Development Association. It involves products under the Indian customs codes 7219 and 7220. The products involved did not include blade-grade steel used for the production of razors and stainless steel used for coinage blanks (customs code 73269099).