Latest news with #AlloySteelProducersAssociationofIndia
Economic Times
a day ago
- Business
- Economic Times
Indian alloy steel producers file anti-dumping plea against Chinese steel, executive says
Synopsis Indian alloy steel producers have lodged an anti-dumping petition with the trade ministry against inexpensive alloy steel imports from China. The Alloy Steel Producers Association of India (ASPA) reports a surge in Chinese wire rod imports at very low prices, significantly impacting local manufacturers. The petition, filed on July 31, seeks relief for producers like JSW Steel and Jindal Steel. ANI Representational image The Indian alloy steel producers' association has filed an anti-dumping petition with the federal trade ministry against cheap imports from China, its senior executive told Reuters on Monday. 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, India's biggest steelmaker, as well as Jindal Steel, Kalyani Steels, 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.
Reuters
27-03-2025
- Business
- Reuters
Indian alloy steel producers plan anti-dumping plea against Chinese steel, executive says
NEW DELHI, March 27 (Reuters) - The Indian alloy steel producers' association plans to soon file an anti-dumping petition with the federal trade ministry against cheap imports from China, its senior executive told Reuters on Thursday. 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. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. "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 ( opens new tab, India's biggest steelmaker, as well as Jindal Steel and Power ( opens new tab, Kalyani Steels ( 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.
