India probes dumping of stainless steel products

New Delhi: India has initiated a probe into alleged dumping of flat rolled products of stainless steel from 15 countries including China, the US and Japan following complaints by domestic players.

Commerce ministry's investigation arm DGTR has begun the investigation after finding evidence of dumping of the products from China, Korea, the European Union, Japan, Taiwan, Indonesia, the US, Thailand, South Africa, the UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia.

"The authority accordingly initiates an investigation into the alleged dumping, and consequent injury to the domestic industry," the Directorate General of Trade Remedies (DGTR) said in a notification.

In the probe, DGTR will determine the existence, degree and effect of alleged dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry, it added.

Indian Stainless Steel Development Association, Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steelway have filed an application before the directorate alleging dumping of the products from companies of these nations.