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Executive says Indian alloy steel producers will file anti-dumping complaint against Chinese steel

Executive says Indian alloy steel producers will file anti-dumping complaint against Chinese steel

Senior executive of the Indian alloy steel producers association told reporters on Thursday that it plans to file a petition against imports from China which are cheap with the Federal Trade Ministry soon.

India is the second largest producer of crude steel in the world. It has the ability to produce around 18-20 millions metric tons of alloy steel per year, which is used by the auto, aerospace and defence sectors.

Anil Dhawan (Director General of the Alloy Steel Producers Association of India, ASPA) responded to a question about the petition by saying that "there has been a continuous increase in imports of special and alloy steel bars and rods from China, Japan and Korea, while China exports these products to India at very low prices."

The ASPA and its member companies are working closely with their legal counsels to submit an anti-dumping complaint with the DGTR in the near future.

The DGTR is part of the Federal Trade Ministry.

Among the ASPA members are JSW Steel (India's largest steelmaker), Jindal Steel and Power and Kalyani Steels.

India proposed earlier this month a temporary 12% duty on certain steel products, locally known as the safeguard duty for 200 days, to reduce imports.

India had previously reported that it imported finished steel in large quantities and shipped record amounts between April and January.

In the first 10 month of this financial year, the country's imports of finished steel from China and South Korea reached a new record. (Reporting and editing by Savio d'Souza; Neha Arora)

(source: Reuters)