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India initiates anti-dumping probe on certain type of steel from Brazil, China, Germany

Before the DGTR, Graphite India Ltd has filed an application for imposition of anti-dumping duty on imports of the product from Brazil, Germany and China. 

Edited by: India TV News Desk, New Delhi [ Updated: August 27, 2018 16:16 IST ]
Representational 
Image Source : PTI

Representational 

Following a complaint by a domestic player, India has initiated probe into alleged dumping of a certain type of steel imported from Germany, Brazil and China.

Before the DGTR, Graphite India Ltd has filed an application for imposition of anti-dumping duty on imports of the product from Brazil, Germany and China. 

The commerce ministry's investigation arm - Directorate General of Trade Remedies (DGTR) - has stated that there is an evidence of injury to the domestic industry caused by dumped "High Speed Steel of Non Cobalt Grade" from these three countries, reported news agency PTI.

For making high speed steel cutting tools, this steel is used.

"There is prima facie evidence of injury to the domestic industry caused by dumped imports from subject countries to justify initiation of an anti-dumping investigation," news agency reported DGTR as saying. 

The directorate, in the probe, would determine the existence, degree and effect of any alleged dumping.

The directorate would recommend imposition of anti-dumping duty on the imports from these nations, if established that dumping has caused material injury to domestic players. 

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