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India begins sunset review probe on imports of certain stainless steel products, Methyl Acetoacetate from China

NEW DELHI: India has initiated a sunset review investigation on imports of certain stainless steel products imported from China, South Korea, European Union, South Africa, Taiwan, Thailand and USA.

Jindal Stainless Limited, Jindal Stainless (Hisar) Limited and Jindal Stainless Steelway Ltd have alleged likelihood of continuation or recurrence of dumping of the cold-rolled flat products of stainless steel and consequent injury to the domestic industry, and requested for review and continuation of the anti-dumping duty. Anti-dumping duty was first imposed in 2010 and continued till 2017.

“The information submitted by the applicants, prima-facie, shows likelihood of continuation or recurrence of dumping from the subject countries in the event of cessation of duties,” Directorate General of Trade Remedies (DGTR) said in a notification on Thursday

The companies have claimed that China should be treated as a non-market economy. This is crucial as China has been insisting that it be treated as a “market economy” and was till recently involved in a dispute at the World Trade Organization claiming the status, which would curb the ability of its trading partners to retaliate with higher duties over Chinese cheap imports and trade disputes.

The period of investigation is FY20.

In a separate notification, DGTR said it is initiating a sunset review investigation on imports of Methyl Acetoacetate from China based on an application filed by Laxmi Organics Industries Limited. The company has alleged a likelihood of continuation or recurrence of dumping and consequent injury to the domestic industry and requested for review and continuation of the anti-dumping duty.

The original anti-dumping duty was imposed in 2016 on imports of the product from the US and China. Methyl Acetoacetate is used in industries such as pharmaceuticals, agrochemicals and polymers. However, the applicant has not sought extension of anti-dumping duties on imports of subject goods from the US stating that as there is no evidence of likelihood of dumping and injury from that country.

“There is sufficient prima facie evidence that the normal value of the subject goods in the subject country is higher than the ex-factory export price, indicating, prima facie, that the subject goods are being dumped into the Indian market by the exporters from the subject country,” DGTR said.

The period of investigation is FY20 and the injury investigation period will cover the period FY17-20.



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