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DGAD initiates anti dumping probe on HRC import from China, Japan and South Korea, Russia, Brazil an

Add Time:2016-04-13 00:30:00 Clicks:
Reuters reported that India has initiated investigations into the possible dumping of cheap HRC steel products into the country. A source at the Directorate General of Anti-Dumping & Allied Duties told Reuters that China, Japan and South Korea, Russia, Brazil and Indonesia are being investigated by Indian government over the export of cheap hot-rolled flat steel products in coils and sheets

The source said that exporters have 40 days to respond to the notice of initiation and that a formal notification will be issued on Tuesday.

Indian steelmakers JSW Steel, Essar Steel and Steel Authority of India had approached the DGAD seeking anti-dumping duties on cheap imports flooding local markets and pressuring margins.
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