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Partial victory for Indian steel mills at WTO in US steel export dispute


Post Date: 10 Dec 2014    Viewed: 299

On 8 December 2014, the WTO Appellate Body issued its report in the case “United States - Countervailing Measures on Certain Hot-Rolled Carbon Steel Flat Products from India” (DS436), a partial victory for India in US steel dispute.

WTO upheld in part a judgment that the US broke global trade rules by imposing import duties on Indian steel products, in a mixed ruling that also found elements in Washington's favor.

In one of the most complicated cases it has ever considered, the WTO's Appellate Body reversed some of the findings made by the organization’s dispute settlement panel in July and upheld others. It found in favour of both sides in technical elements of the dispute, but concluded that the US was "inconsistent with its obligations" and should be brought into line.

India filed its complaint at the WTO in 2012, after Washington imposed duties of nearly 300 percent on imports of products. The case involved US duties imposed because a portion of the iron ore used to produce Indian steel came from India's top iron ore miner NMDC, a state run company that supplies steelmakers

You can keep track of prices of more than 800 items including raw materials, metallics & semis, long products and flat products by subscribing to recently launched revamped SteelGuru’s Market Intelligence Services PS14. 


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