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China terms Indian anti dumping probe on HR import as unfair

Add Time:2016-04-07 21:24:00 Clicks:
Global Times reported that a Chinese national consulting firm said that Indian proposal for a probe into alleged steel dumping of products from China is not fair, as steel production in India does not meet demand there and protectionism is not a solution.

Mr Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute, affiliated with the State-owned Assets Supervision and Administration Commission of the State Council, China's cabinet, told the Global Times that Chinese steel manufacturers produce quality products at reasonable prices. He said “Those products have won a bigger market share.”

The number of anti-dumping disputes in the steel sector has been rising sharply since the year 2016 began, said Ms Wang Guoqing, research director at the Beijing Lange Steel Information Research Center. She said"As Chinese steel firms have advantages in costs and large-scale production, the high volume of exported steel products may arouse confrontations overseas. While the steel industry has been under downward pressure, some Chinese firms strived to gain profits through increasing their export volumes.”

India’s Directorate General of Anti-Dumping & Allied Duties has reportedly issued notices to China, Japan and South Korea, suggesting the launch of an investigation into dumping of HR steel products into India. Indian steelmakers Steel Authority of India, JSW Steel, and Essar Steel approached the DGAD looking for anti-dumping duties on cheap imports flooding local markets as well as pressuring margins
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