Anti-dumping probe in steel imports launched by India against China, Japan, Russia
New Delhi, June 28: The Indian government has launched an anti-dumping investigation into imports of hot-rolled steel products from China, Japan and Russia following complaints from domestic steelmakers who alleged that low-priced imports are causing material injury to the local industry.
The investigation has been initiated by the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, after receiving a petition from JSW Steel, JSW Vijaynagar Metallics and Jindal Steel Odisha.
These companies have alleged that hot-rolled flat steel products imported from the three countries are being dumped in the Indian market at unfairly low prices, affecting domestic manufacturers.
According to a government notification, the investigation covers hot-rolled flat products of alloy and non-alloy steel with a thickness of up to 25 mm.
The DGTR will examine whether the imports are being sold below their normal value and whether they have caused or threaten to cause injury to India’s steel industry.
If the investigation establishes dumping and resulting harm, the government could impose anti-dumping duties to create a level playing field for domestic producers.
The probe comes amid a sharp rise in steel imports from China.
According to reports, China’s exports of finished steel to India more than doubled in April, reaching around 232,000 metric tonnes, the highest monthly volume in at least two years.
China also emerged as India’s largest supplier of finished steel during the month.
Industry sources say Chinese hot-rolled steel has been entering the Indian market at prices between USD 11 and USD 37 per tonne, lower than domestically produced material, making it attractive to buyers but increasing competitive pressure on local manufacturers. (BVI)
