India begins dumping the steel bar pick, rod import probe

2024-04-22 04:03:57 Industry

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A dumping test on imports has been launched by government
Following domestic industry concerns, straight length bars and Alloy Steel Round Bar from China.
6 domestic firms, among them JS Steel, Sunag Steel and Iron,
Usha Martin and Gerdau Steel India have presented a request
Anti-dumping and Allied Task Directorate General (DGAD)
investigation of anti-dumping and duty imposition on these steel products
Chinese exports.

The DGAD has said that "sufficient evidence" of the dumping has prima facie been found

Chinese products.

"The authority hereby initiates a dumping inquiry and resulting domestic wounds

In a comment, the industry, "the DGAD said.

The Directorate decides the nature, the extent and the ect of suspected dumping in its investigation and recommends the amount

Anti-dumping duty that would be necessary if imposed to eradicate the domestic sector injury.
They are used in many industries, such as vehicles, cement, power plants, generators, shipyard, railways, capital goods and construction equipment. They are used in various industries. The investigative period for this inquiry is 2016-2017. The duration will also cover 2013-16 records, however, he added, for the purposes of injury investigations. The Nance Ministry imposes the same mission while the DGAD proposes the duties. Anti-dumping duties are imposed to provide the local industry with a fair playing eld by defending against cheap imports below cost.
The rising imports and dumping of Chinese products has always been a priority for Indian companies.
India exports to China only amounted to US$ 10.17 billion in 2016-2017, but during that time imports totalled US$ 61.28 billion.
The DGAD also investigates the dumping in the surrounding country of some other things, such as certain chemicals.
India is, due to its huge middle class population, one of the most lucrative markets for global producers.