Trade Cases

India Initiates HRC Antidumping Investigation on Six Countries

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)