India has initiated investigations into allegations that six countries — among them China, Japan and Korea — dumped of a certain variety of steel products in the Indian markets after some major producers complained.
Steel Authority of India (SAIL), JSW Steel and Essar Steel India have filed a petition before the Directorate General of Anti-Dumping and Allied Duties (DGAD) for initiating investigations and imposition of duty on the suspect imports.
In a recent notification, DGAD has said it has found sufficient evidence to prima facie suspect that China, Japan, Russia, Korea, Brazil and Indonesia dumped their goods into the Indian market between July and December 2015.
"... The authority hereby initiates an investigation into the alleged dumping causing consequent injury to the domestic industry... to determine the existence, degree and effect of dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry," it said.
The investigation will cover some products used for auto sector, oil and gas line pipes/exploration, cold rolling, pipe and tube manufacturing, infrastructure and construction, among others.
Steel Authority of India (SAIL), JSW Steel and Essar Steel India are the biggest domestic produces of steel.
Two other domestic producers — Tata Steel and Jindal Steel and Power — have also supported the application.
Cheap steel exports pose a major threat to the Indian steel industry, which has forced the Indian establishment to impose minimum import price and safeguard duties to protect domestic producers.
source: http://www.tribuneindia.com