Companies

India probes alleged dumping of flat rolled products of stainless steel from 15 nations

PTI New Delhi | Updated on July 09, 2019 Published on July 09, 2019

India has initiated a probe into alleged dumping of flat rolled products of stainless steel from 15 countries including China, the US and Japan following complaints by domestic players.

Commerce ministry’s investigation arm DGTR has begun the investigation after finding evidence of dumping of the products from China, Korea, the European Union, Japan, Taiwan, Indonesia, the US, Thailand, South Africa, the UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia.

“The authority accordingly initiates an investigation into the alleged dumping, and consequent injury to the domestic industry,” the Directorate General of Trade Remedies (DGTR) said in a notification. In the probe, DGTR will determine the existence, degree and effect of alleged dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry, it added.

Indian Stainless Steel Development Association, Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steelway have filed an application before the directorate alleging dumping of the products from companies of these nations. They have requested for imposition of anti-dumping duties on the imports.

Year 2018-19 is taken as the period of investigation. However, for the purpose of probing into the injury caused to domestic players, data of 2015-18 will also be looked into. DGTR carries out probe into alleged dumping of goods from other countries. The probe is a quasi-judicial process and is allowed under the World Trade Organisation (WTO) rules. India is a member of WTO which frames laws for global exports and imports. All the 15 countries are members of WTO.

Published on July 09, 2019
This article is closed for comments.
Please Email the Editor