India has initiated separate anti-dumping probes against imports of some steel products, printer cartridges and other industrial inputs from China following complaints by local manufacturers.
On an application by Posco Maharashtra Steel and CSCI Steel corporation investigation has been started by India’s trade defence body Directorate General of Trade Remedies on dumping of Cold Rolled Non-Oriented Electrical Steel (CRNO) from China.
The parent company of Posco Maharashtra is Posco Steel of Korea while CSCI’s partner company is China Steel Corporation, Taiwan. CRNO is used for large size power generators to small size precision motors used even in home appliances.
Other products on which anti-dumping action has been initiated include acrylonitrile butadiene rubber, high-performance refrigerant, certain antioxidants and polytetrafluoroethylene which is commonly called teflon.
Complaint in the case of dumping of refrigerant has come from SRF Ltd and Vinati Organics is the applicant in case of antioxidants.
Due to its resistance to chemicals and high heat tolerance,the acrylonitrile butadiene rubber has many uses in oil and gas exploration, automotive components, electronics, telecommunications among others. Apart from China, imports of the product from the European Union, Korea and Russia are also part of this investigation.
Apart from cookware, polytetrafluoroethylene has many uses in electronics, mechanical and chemical industries. Printer cartridge whose dumping will be probed is “Black Toner Printer Cartridge”. Black toner cartridges imported by printer manufacturers are outside the scope of the investigation. Colour laser toner cartridge and inkjet liquid toner cartridge are also not part of the investigation.
Six separate notifications for initiation of investigations were issued by DGTR in the last two days after being convinced by the evidence submitted by the applicants. Now the probe will follow and based on the findings the DGTR will recommend the extent of anti-dumping duty on these products. The duties are then imposed by the Central Board of Indirect Taxes and Customs.
As India pushes for increasing its manufacturing sector, its dependence on Chinese imports has soared. The maximum contribution to the $ 85 billion trade deficit in 2023-24 with China was from the industrial inputs. The concentration of suppliers poses a risk which the government is aware of and is pushing for diversification of supply chains at all international forums.
From: financialexpress
Financial News
