Govt Probing Steel Dumping by China and Other Nations
Kolkata: India is investigating dumping of steel by China, Japan, Korea, Russia, Brazil and Indonesia on the basis of petitions filed by Indian steel majors.
The Directorate General of Anti-Dumping & Allied Duties (DGAD), which functions under the commerce ministry, is investigating the matter on complaints by Steel Authority of India (SAIL), JSW Steel and Essar Steel India and supported by Tata Steel and Jindal Steel & Power.
The probe covers products such as hot-rolled coils, sheets and plates, including plate mill plates.
Prima-facie, there is sufficient evidence of dumping of these steel products by the six countries, which has caused significant ‘injury’ to the domestic steel industry, the DGAD said in an official notification dated April 11.
The probe for the period between July and December 2015 covers products, including those used in the automotive industry, oil and gas pipelines, cold-rolling, pipe and tube manufacturing, infrastructure and construction, general engineering & fabrication, earth-moving & mining equipment, storage tanks, low-pressure heaters and capital goods, including plant and process equipment for cement and fertilisers.
“Our steel industry is in a critical phase with margins and profitability under severe strain primarily due to dumping at predatory prices into India,” said Jayant Acharya, director (commercial & marketing) at JSW Steel. “Such unfair trade affects our viability like it has affected steel industry in the rest of the world. While the Indian steel sector is competitive, we need adequate protection from those producers/countries which get state subsidy to produce steel.”