Trade Cases
India Initiates HRC Antidumping Investigation on Six Countries
Written by Sandy Williams
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)
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Tariff fallout: Canada strikes back, Stellantis idles, GM boosts production
Canada imposes auto tariffs, while automaker Stellantis temporarily idles some plants.
Commerce tags UAE with ‘critical circumstances’ in CORE trade case, South Africa spared
The Commerce Department has made a preliminary determination that ‘critical circumstances’ exist for certain imports of corrosion-resistant (CORE) flat-rolled steel from the United Arab Emirates (UAE). Commerce decided that critical circumstances did not apply to CORE from South Africa. The department also found that critical circumstances did not apply to CORE from UAE producers Al-Ghurair Iron & Steel LLC and United Iron & Steel Company LLC.
Trump’s ‘Liberation Day’ brings 10% baseline tariffs; steel, aluminum, and autos/parts excluded
President Trump’s promised “Liberation Day” has arrived, with a 10% minimum tariff on imports. But there are some very important exceptions: The United States’ USMCA partners, Canada and Mexico, are excluded from the reciprocal tariffs for now. In addition, steel, aluminum, as well as autos and auto parts are excluded from the reciprocal tariffs. That’s […]
Price on Trade: Auto tariffs, auto parts, and Hyundai – a world of rapid changes
Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).
CRU: Canacero urges Mexico-US partnership to fend off Asian steel imports
Victor Cairo, head of Mexico’s steel sector body Canacero and CEO of ArcelorMittal Mexico, says he is confident negotiations between the Mexican and US governments planned for April 2 will lead to the creation of a regional block to substitute imports, especially from Asia.