The government has started an investigation to see whether the expiry of existing anti-dumping duty on certain hot-rolled steel products from China, Malaysia and South Korea would lead to continuation of dumping of the product, following complaints by the domestic players. According to a notification of the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry, Jindal Stainless (Hisar) and Jindal Stainless have jointly filed a review petition for continued imposition of the existing anti-dumping duty on the imports of 'Hot Rolled Flat Products of Stainless Steel-304 grade' from China, Malaysia and Korea. India had imposed the duty in June 2015 for five years.
In a notification, the directorate has said that based on the facts and data, there is a need to review for the continued imposition of the duties in force in respect of the subject goods, originating in or exported from China, Malaysia and Korea. It said ‘having satisfied itself, on the basis of the prima facie evidence submitted by the domestic industry, substantiating the likelihood of continuation/recurrence of dumping and injury...the authority hereby initiates a sunset review investigation to review the need for continued imposition of the duties in force in respect of the subject goods.’ DGTR would examine whether the expiry of such duty is likely to lead to continuation or recurrence of dumping and injury to the domestic industry.
The period of investigation for the present investigation is April 2018-March 2019 (12 months) and the injury investigation period is from 2015-18. India slapped an anti-dumping duty of up to $309 per tonne on imports from China, while $316 per tonne duty has been fixed for Malaysia and $180 per tonne for Korea. These steel products are used for manufacture of process equipment, reactor vessels, material handling equipment, railways, pipes and tubes, automotive components, architecture, building and construction, industrial fabrication and power sector.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: