Trade Cases
India Initiates HRC Antidumping Investigation on Six Countries
Written by Sandy Williams
April 12, 2016
India has initiated an antidumping investigation into HRC, steel sheet and plate imports from China, Japan, Korea, Russia, Brazil and Indonesia. The products under investigation include HRC of width up to 2100mm and thickness up to 25mm, HR sheet and plates of a width up to 4950 mm and thickness up to 150mm.
India steelmakers SAIL, JSW Steel, Essar Steel India, Tata Steel and JSPL charge that the dumping of steel products from the six countries during the period July-December 2015 caused material injury to the domestic steel industry.
The Directorate General of Anti-Dumping and Allied Duties (DGAA) has concurred, finding preliminary evidence of injury.
Jayant Archarya, director-commercial and marketing at JSW Steel said, “Our steel industry is in a critical phase with margins and profitability under severe strain primarily to dumping at predatory prices into India. Such unfair trade affects our viability like it has affected steel industry in the rest of the world. While Indian steel sector is competitive, we need adequate protection from those producers/countries which get state subsidy to produce steel.”
Steel imports from the six countries totaled 1.46 million tonnes in FY 2014 but, based on annualized July-Dec 2015 figures, surged more than 275 percent in FY 2015 for a total of 5.5 million tonnes.
Provisional antidumping duties are expected to be levied by June 15, 2016 and will be retroactively applied to imports arriving as of April 15, 2016. (Source: Economic Times)
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Leibowitz: Tariffs are the trade version of going nuclear
In short, when tariffs go up, jobs in consuming industries go down. There is conclusive evidence from past actions: safeguard tariffs in 2002 and Section 232 tariffs in 2018. It is happening again in 2025. The Trump administration wants foreign producers (and US retailers) to absorb tariff increases (except in antidumping cases, where foreign absorption of tariffs is illegal).
Nippon exec responds after Trump ‘golden share’ comments: Report
A Nippon executive has hit back regarding the deal for USS following President Trump's talk of a "golden share" on Thursday.
US rebar producers seek import relief with new trade case
The four countries targeted for duties are currently the top offshore suppliers of rebar to the US market: Algeria, Bulgaria, Egypt, and Vietnam.
CRU Insight: A 50% S232 tariff will raise US steel prices and shift trade flows
This CRU Insight examines how the increase in Section 232 tariffs on steel to challenging levels will lead to significatively higher prices for end consumers in the US market.
Canacero hits out at new US steel tariffs
Mexican steel trade group Canacero has condemned the US’ actions of raising tariffs on steel and aluminum to 50% from 25%.