India initiates anti-dumping investigation into aluminium- and zinc-coated flat steel products from Việt Nam. - Photo thoibaonganhang.vn

HÀ NỘI India has initiated an anti-dumping investigation into imports of flat-rolled steel products plated or coated with aluminium or zinc originating in or exported from three countries, Việt Nam, China and South Korea.

The application was filed by JSW Steel Coated Products Limited, which accounts for more than 60 per cent of the total production of these flat products in India.

They are used in many applications and sectors like infrastructure, solar power, roofing, walling, decking, cladding, and framing.

The petitioner claimed that the alleged dumping caused injury to domestic industry in the form of increased volume of dumped imports in absolute terms and in relation to production and consumption in India, price suppression, price underselling, capacity utilisation, profitability, cash profits, and return on capital employed.

The period of investigation was from October 1, 2017 to September 30, 2018.

According to a notification of the initiation issued by the India Ministry of Commerce and Industry earlier this week, the investigation into the alleged dumping and consequent injury to domestic industry would determine the existence, degree and effect of alleged dumping and whether the rate of antidumping duty, if levied, would be adequate to remove the injury.

According to the Trade Remedies Authority of Việt Nam, the petitioner claimed that Việt Nam should be treated as a non-market economy country.

It urged relevant Vietnamese export firms to co-operate with the investigation agency, adding that in case of non-cooperation, the investigation agency would record its findings on the basis of the facts available to it. VNS