Posted on 21 Apr 2015
India to launch AD investigation on Chinese steel imports
It is reported that the Indian government plans to use anti-dumping policy
to suppress steel imports from China and other neighboring countries.
The rising demand for steel imports from China triggered worries from
domestic steelmakers. India's mining minister Narendra Singh Tomar said
on April 1st, "Indian enterprises are currently under great pressure,
and governments will pay close attention to the trend of imports of
steel. We have submitted to the Finance Department a request to raise
import tariffs."
It is reported that the Indian government has decided to levy the
anti-dumping measures, by increasing the steel import tariffs from
10~15% in the future if necessary. However, in the past month there's no
obvious signs of rising, which makes India steelmakers more worried,
thus repeatedly called on the government to implement the commitment to
raise tariffs.
During 2014 to 2015, India imported over 9 million tons of steel,
reaching a record high and far more than 5.45 million tons in the
previous stage. Moreover, neighboring countries exported lager number of
steel to India, benefitted from various kind of bilateral trade
agreements.
