Indian alloy steel producers file anti-dumping plea against Chinese steel, executive says
India, the world's second-biggest producer of crude steel, has the capacity to make around 18 million to 20 million metric tons per annum of alloy steel, which is used in the auto, defence and aerospace sectors.
"China is selling wire rods of alloy steel at very low prices, and imports have gone up considerably in the last three years, hurting the local alloy steel producers," said Anil Dhawan, director general, Alloy Steel Producers Association of India (ASPA).
Alloy steel wire rods are mainly used for automobiles and their components, Dhawan said.
Dhawan said the anti-dumping petition was filed on July 31 with the Directorate General of Trade Remedies, which falls under the Ministry of Commerce and Industry.
The ASPA's members include JSW Steel (JSTL.NS), opens new tab, India's biggest steelmaker, as well as Jindal Steel (JNSP.NS), opens new tab, Kalyani Steels (KLSL.NS), opens new tab, and Mukand Sumi Special Steel, among others.
In April, India imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.
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