Indian alloy steel producers plan anti-dumping plea against Chinese steel, executive says
India, the world's second-biggest producer of crude steel, has the capacity to make around 18-20 million metric tons per annum of alloy steel that is used in auto, defence and aerospace sectors.
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"There has been an increase in imports of alloy and special steel bars and rods into India continuously from China, Japan, Korea and others, while China is exporting to India these products at very low prices," Anil Dhawan, Director General, Alloy Steel Producers Association of India (ASPA), said in response to a query on the petition.
"ASPA and its members are working with their legal counsel to file an anti-dumping petition with the DGTR (Directorate General of Trade Remedies) in the near future."
The DGTR falls under the federal trade ministry.
The ASPA's members include JSW Steel (JSTL.NS), opens new tab, India's biggest steelmaker, as well as Jindal Steel and Power (JNSP.NS), opens new tab, Kalyani Steels (KLSL.NS), opens new tab, and Mukand Sumi Special Steel, among others.
Earlier this month, India recommended a temporary 12% tax, known locally as safeguard duty, on some steel products for 200 days to curb imports.
India shipped in record quantities of finished steel during April-January and was a net importer, Reuters had reported earlier.
Its finished steel imports from China, South Korea and Japan hit a record high in the first 10 months of the current financial year.
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