WTO issues mixed ruling in Indian challenge on steel duties

Written By Unknown on Selasa, 09 Desember 2014 | 15.45

In one of the most complicated appeals decisions ever handled by the 19-year-old trade watchdog, the Appellate Body reversed much of a ruling by a three-person panel in July, which said the US duties had wrongly penalised India for subsidising steel exports from Tata Steel.

The World Trade Organization's Appellate Body issued a mixed ruling on Monday in a trade dispute brought by India to challenge US anti-subsidy duties on Indian steel.

In one of the most complicated appeals decisions ever handled by the 19-year-old trade watchdog, the Appellate Body reversed much of a ruling by a three-person panel in July, which said the US duties had wrongly penalised India for subsidising steel exports from Tata Steel .

However the Appellate Body still ruled that the US duties were in breach of WTO rules and it asked the United States to bring its rules into line.

Tata Steel stock price

On December 09, 2014, at 14:12 hrs Tata Steel was quoting at Rs 438.90, down Rs 12.7, or 2.81 percent. The 52-week high of the share was Rs 578.60 and the 52-week low was Rs 332.20.


The company's trailing 12-month (TTM) EPS was at Rs 84.86 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 5.17. The latest book value of the company is Rs 629.60 per share. At current value, the price-to-book value of the company is 0.70.


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