Lead and Zinc
Indian govt has initiated investigation of anti-dumping on the imports of Aluminum and Zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP.
The process has been initiated owing to injury to the domestic industry caused by dumped imports since the volumes of imports to India have rose significantly from subject countries.
The application has been filed by major steel producer named JSW Steel Coated Products Limited as they account for more than 60% of the total Aluminum and Zinc Coated Flat Products production in India
Meanwhile there are three other major producers in India,namely, M/s.Tata BlueScope Steel Private Limited, M/s. Tata Steel BSL Limited and M/s. Asian Colour Coated Ispat Limited. However, M/s. Asian Colour Coated Ispat Limited has not produced the PUC from 2017 on-wards.
The Product under Consideration (PUC) for initiation of anti-dumping initiation involves following HS codes - 72106100, 72125090, 72259900 and 72269990 of the Customs Tariff Act, 1975. The PUC is also being imported under other Customs Tariff Items 72101290, 72103090, 72104900, 72106900, 72107000,72109090, 72121090, 72122090, 72123090, 72124000, 72169910, 72255010,72259100, 72259200, 72269930 etc.
However the investigation does not include the following products
i. Flat rolled steel products coated with Zinc without addition of
ii. Flat rolled color coated steel products
SteelMint in conversation with steel participants involved close to the matter shared that this is just the beginning and investigation has been initiated. There will be time involved in the investigation process followed by which final findings will be made and announced.
Indian GP/GC imports in CY18- As per the data maintained with SteelMint , the total imports of GP/GC to India stood around 0.85 MnT. Out of which India imported 0.49 MnT of GP/GC from South Korea, 0.17 MnT from China and 0.16 MnT from Vietnam in CY18 .