With an aim to protect the domestic players and to discourage cheap imports, the government may impose anti-dumping duty on imports of High Speed Steel of Non Cobalt Grade from Brazil, China and Germany, as the investigation is already in the process on this product.
The Directorate General of Trade Remedies (DGTR) which ensures a level playing field to the Domestic Industry against the adverse impact of the unfair trade practices, has initiated an investigation into the alleged dumping of this product to determine the existence, degree and effect of alleged dumping and to recommend the amount of antidumping duty, which if levied, would be adequate to remove the injury to the domestic industry.
Graphite India had filed an application before the DGTR for imposition of anti-dumping duty on imports of the product from Brazil, China and Germany. The period of investigation (POI) for the purpose of present investigation covers 2017-18. However, for the purpose of injury investigation, the period will also cover the data of 2014-17.