The Indian alloy steel producers’ association is preparing to submit an anti-dumping petition with the federal trade ministry against cheap imports from China, said a senior executive to Reuters on Thursday.
Being the world’s second-largest producer of crude steel, India has the capacity to make around 18-20 million metric tonnes per annum of alloy steel that is used in auto, defence and aerospace sectors.
“There has been an increase in imports of alloy and special steel bars and rods into India continuously from China, Japan, Korea, and others, while China is exporting to India these products at very low prices,” Anil Dhawan, Director General, Alloy Steel Producers Association of India (ASPA) said.
The DGTR falls under the federal trade ministry. “ASPA and its members are working with their legal counsel to file an anti-dumping petition with the DGTR (Directorate General of Trade Remedies) in the near future.”
The Association of Steel Producers of India (ASPA) comprises major industry players such as JSW Steel, the country’s largest steel manufacturer, along with Jindal Steel and Power, Kalyani Steels, Mukand Sumi Special Steel, and others.
Earlier this month, India proposed imposing a temporary 12% safeguard duty on certain steel imports for 200 days to restrict incoming shipments. Reuters had reported earlier, that shipping in record quantities of finished steel during April-January, India was a net importer. Its finished steel imports from China, South Korea, and Japan reached an all-time high during the first 10 months of this fiscal year.