Indian Govt Initiates Anti-Dumping Investigations For Steel Items, Probe Includes Romania

The Indian Commerce Ministry said it will determine the existence, degree and effect of the alleged dumping to recommend the amount of duty. Indian authorities started investigations into shipments from China, Indonesia, Iran, Japan, Kazakhstan, Malaysia, Romania, Russia, South Africa, Saudi Arabia, Korea, Thailand, Turkey, Ukraine, European Union, South Africa, Taiwan and the United States of America.

 

“The designated authority hereby initiates investigation into the alleged dumping and consequent ‘injury´ to domestic industry (...) to determine the existence, degree and effect of alleged dumping to recommend the amount of anti-dumping duty, which if levied would be adequate to remove injury to the domestic industry,” the paper cited the Indian Commerce Ministry as saying.

 

India’s leading steel producers Essar, JSW, Ispat and Jindal Stainless had filed applications with the government for investigating dumping of the commodity, saying that cheap inflow of steel items are coming to India from overseas where inventories have piled up due to slackening demand.

 

Ispat is part of the world’s largest steel producer ArcelorMittal, which owns four steel mills in Romania, in Galati, Iasi, Hunedoara and Roman, harbor operator Romportmet Galati and the local unit of construction company ArcelorMittal Construction.