India has launched an anti-dumping investigation into the influx of low-cost steel imports from China, Japan, and Russia, as per a Commerce Ministry notification. The applicants have raised concerns about the imported steel products being sold at dumped prices, leading to adverse effects on the domestic industry. Specifically, the focus is on “hot rolled flat products of alloy or non-alloy steel” used in various sectors like automotive, oil and gas, construction, and engineering.
The Directorate General of Trade Remedies (DGTR) has identified that these steel products are being exported at prices significantly below their normal value, indicating a substantial dumping margin. The investigation pertains to “Hot Rolled flat products of alloy or non-alloy steel, not clad, plated or coated, of a thickness up to 25 mm and width up to 2,100 mm,” excluding stainless steel variants. Additionally, a separate probe is underway regarding the alleged dumping of ‘Dialysers’ from China and Malaysia, crucial medical devices used for kidney-related treatments.
The initiation of these anti-dumping investigations follows complaints by the applicants, highlighting the need to address the adverse impact of dumped imports on the Indian market. The notifications underscore the importance of safeguarding domestic industries from unfair trade practices and ensuring a level playing field for all stakeholders involved.
