India initiates anti-dumping probe into import of hot-rolled steel products from Vietnam
India has initiated an anti-dumping probe into the import of hot rolled steel products from Vietnam following a complaint by a domestic manufacturer. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'hot rolled flat products of alloy or non-alloy steel'.
According to the DGTR notification, Indian Steel Association has filed an application on behalf of domestic producers — JSW Steel Ltd and ArcelorMittal Nippon Steel India Ltd — seeking initiation of an anti-dumping investigation on imports from Vietnam.
The applicants have alleged that the product is being imported at dumped prices which is causing material injury to the domestic industry.
They have also alleged that there is a further threat of injury to the domestic industry due to dumped imports and have requested for imposition of anti-dumping duty.
It said that on the basis of the duly substantiated written application submitted by the domestic industry, the authority notes that there is prima facie evidence concerning the dumping of the product under consideration originating in or exported from the subject country and the consequential injury and threat of injury to the domestic industry.
«The authority hereby initiates an anti-dumping investigation,» the notification said, adding that applicants have requested for retrospective imposition of the duty as there is a clear history of dumping of the item in the country.
For the investigation period, the directorate will consider the
