外文标题：India begins probe into stainless steel dumping by China, Korea
NEW DELHI: India has initiated an investigation into alleged dumping of a certain variety of stainless steel by China, Korea and Malaysia following a complaint by Jindal Stainless Ltd.
The commerce ministry's designated authority, the directorate general of Anti-Dumping and Allied Duties (DGAD), has begun a probe into alleged dumping of "certain Hot-Rolled Flat Products of Stainless Steel 304 series".
In a notification, the DGAD has said the applicant has provided sufficient evidence that the normal value of the product in these countries is significantly higher than the net export price.
The evidences have prima facie indicated that the product is being dumped from China, Republic of Korea and Malaysia, it said.
"The authority finds sufficient prima facie evidence of dumping of subject goods by the countries, injury to the domestic industry and causal link between the dumping and injury, the authority hereby initiates an investigation ...," the notification said.
In the probe, the directorate would determine the existence, degree and effect of alleged dumping and will recommend amount of anti-dumping duty, "which if levied would be adequate to remove the injury to the domestic industry".
The DGAD is the nodal agency under the commerce ministry for such investigations.
The period of investigation is April 2012 to June 2013. However, for the purpose of analysing injury, the data of previous three years (2009-2012) would also be considered, the notification added.
The country's largest stainless steel producer, Jindal Stainless Ltd, in its submission has said that the "application has been made by or on behalf of the domestic industry".
India should probe into stainless steel dumping or under invoicing by China, Korea. India should be careful , as under invoicing will kill our industries, where as dumping will help consumers to get the steel at a cheaper rate.
Agree (1)Disagree (0)Recommend (1)
Rajinder Kaka (Unknown)
what a joke ... jindal industries! hay monks it is good for india brings the price down... ut not good for crooked jindals.
better use this material from dumping for own benefits
Agree (2)Disagree (0)Recommend (1)
Rajinder Kaka (Unknown) replies to Ankit
yes price comes down... but for thugs it is not good
Agree (1)Disagree (0)Recommend (2)
ashish dadwal ()
Jindal steel profits a lot because of its political linkages.then again money is saved via taxes and various ngos.good quality steel ,by jindals, is prived nearly three times higher as compared to similar quality steel by other companies(be it indian or foreign).with japan,south korea n china, in esting in the steel sector,prices of jindal steel will come down,thus lower peofits n hence these investigations.jindal steel's quality is so poor that even african countries reduse to import it.
Conn-gress fully hand in glove with the dumping cartel. There is good amount of bribes to be made. So naturally Conn-gress is ever present.
Agree (0)Disagree (0)Recommend (1)
Jayeshkumar Panchal (India)
Indian Industries should be Smart enough to use these Cheap Products for Constructing things, Old or New. ..and diverting our own products to better and value added options. (Must in a way prepare for a Free Market. ..and when thing are available as cheap as Free)
Agree (1)Disagree (0)Recommend (1)
Our dumb babus dont know how to benefit from such windfall! This is golden opportunity to give a filip to industries who need this as raw material and have found difficult to source at cheap prices,instead of crying over it.
Agree (1)Disagree (0)Recommend (0)