The Indian Alloy Steel Producers Association stated on Monday (August 11) that they have filed an anti-dumping application with the Federal Trade Ministry against the cheap steel imported from China.
According to Reuters, Anil Dhawan, the Secretary General of the Indian Alloy Steel Producers Association (ASPA), told the news agency that “China is selling alloy steel wires at extremely low prices, with a significant increase in imports over the past three years, harming the interests of local alloy steel producers.”
Alloy steel refers to steel that has alloying elements (such as chromium, nickel) added to improve its strength, corrosion resistance, and other properties on the basis of plain steel, and is mainly used in the automotive, defense, and aerospace industries.
India is the world’s second largest producer of crude steel, producing around 18 to 20 million metric tons of alloy steel annually, second only to China.
Dhawan also mentioned that the anti-dumping application was submitted to the Trade Remedies Directorate, a subsidiary of the Department of Commerce, on July 31.
Members of the Indian Alloy Steel Producers Association include Indian steel industry giants such as JSW Steel, Kalyani Steel, and Mukand Sumi Special Steel.
Starting from April this year, India has imposed a 12% provisional tariff on certain imported steel to curb the influx of a large amount of cheap steel from China.
This move aims to protect the interests of domestic alloy steel producers and maintain a level playing field in the market. The application for anti-dumping measures reflects the industry’s concerns about unfair competition practices and the need to uphold fair trade principles.