DGTR
12% safeguard duty on steel products sufficient, will seek more if import create challenges: Naveen Jindal
Naveen Jindal states that the proposed 12 percent safeguard duty on specific steel imports is adequate. He mentions the industry might seek government intervention if future import challenges arise. Jindal highlights the impact of US tariffs on global steel prices. He anticipates domestic steel demand to grow in double digits in fiscal year 2026.
India–China trade grows, but Beijing has a benefit
India-China bilateral trade is growing, but a significant trade deficit favoring China persists, raising concerns about economic dependence. India's exports to China are declining, while reliance on Chinese imports across various sectors deepens. The government is implementing measures like production-linked incentives and stricter quality controls to reduce import dependence and protect domestic industries.
Govt imposes minimum import price of Rs 67,220 per tonne on multi-layer paper board till March 2026
The government is setting a minimum import price of Rs 67,220 per tonne on specific paper boards. This applies to virgin multi-layer paper board until March 31, 2026. The Directorate General of Foreign Trade issued the notification. This move aims to curb product dumping from countries like Indonesia. Earlier, an anti-dumping probe was initiated following a complaint from Indian manufacturers.
BMW Industries invests Rs 803 cr to boost high-end steel product offerings for auto, infra sectors, says MD Bansal
BMW Industries is investing Rs 803 crore to establish a 0.5 million tonne cold rolling unit in Jharkhand, supported by the government's PLI Scheme for Speciality Steel. This expansion will boost the company's manufacturing capacity to 2.5 MnT and enable the production of colour-coated and advanced alloy products for various industries.
Little chance of structural downside; FPIs, FIIs FDIs will return to India over next few months: Mayuresh Joshi
Marketsmith India's Head of Equity, Mayuresh Joshi, expresses optimism about the Indian economy, citing factors like S&P's sovereign rating upgrade and anticipated GST rationalization to boost consumption. He believes strong domestic flows, recovering earnings, and India's favorable position amid global trade uncertainties will attract FPIs and FDIs. Extension of steel safeguard duties is also expected to benefit domestic steel producers.
Tata Steel, JSW Steel other steelmakers' shares jump up to 3% as safeguard duty decision clears overhang
Indian steelmakers like Tata Steel and JSW Steel saw their stocks rise after the DGTR recommended a safeguard duty on steel imports for three years. This move aims to protect domestic producers from a surge in imports, particularly from China, Korea, Japan, Vietnam, and Nepal.
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Safeguard import duties on steel could cripple auto, engineering, and construction sectors: GTRI
A three-year safeguard duty on steel imports, initiated by DGTR due to increased imports and declining domestic profits, faces strong opposition. GTRI's report suggests this duty could negatively impact auto, engineering, and construction sectors by raising input costs. Stakeholders argue that the duty will harm export competitiveness and create sourcing challenges, despite domestic steelmakers' profitability.
DGTR recommends 3-year safeguard duty on steel imports to protect local industry
The Directorate General of Trade Remedies (DGTR) has suggested imposing a safeguard duty on specific flat steel product imports for three years, aiming to shield domestic manufacturers from a surge in inbound shipments. The recommended duty starts at 12% in the first year, decreasing to 11% by the third year.
Trade dept suggests final safeguard duty on some flat steel imports for 3 yrs
To protect domestic manufacturers, the Directorate General of Trade Remedies suggests imposing a safeguard duty on specific flat steel products. This duty will be applicable for three years. The recommendation includes a 12% duty in the first year, followed by 11.5% and 11% in the subsequent years.
Commerce ministry recommends safeguard duty on imports of certain steel items for 3 years
The DGTR has recommended a safeguard duty on certain flat steel imports for three years to protect domestic manufacturers from a surge in inbound shipments. This decision follows a probe initiated by the Indian Steel Association, citing a significant increase in imports causing injury to the domestic industry.
Stainless steel industry seeks anti-dumping duties on cheap imports to protect local players
The Indian stainless steel industry is seeking anti-dumping duties on cheap imports, primarily from China, Vietnam, and Indonesia, which are impacting domestic players. The ISSDA has filed a petition with the DGTR, requesting an investigation into the dumping of stainless steel items. Rising imports, reaching 1.73 million tonnes in FY25, necessitate protecting homegrown companies amid global trade uncertainties.
Jindal Stainless MD calls for anti-dumping duty amid global uncertainties
Abhyuday Jindal emphasizes the need for anti-dumping duties on stainless steel. He cites steep US tariffs and global trade uncertainties. Jindal Stainless reported a rise in its first quarter profit and revenue. The Indian Stainless Steel Development Association seeks anti-dumping duty. Imports hurt the domestic industry, while exports face uncertainty due to US tariffs.
India initiates anti-dumping probe into import of polyethylene from 6 countries
The Directorate General of Trade Remedies has started an investigation. It concerns polyethylene imports from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, and the UAE. The Chemicals and Petrochemicals Association of India filed a complaint. They allege that dumped imports of Linear-Density Polyethylene are hurting the industry. The investigation will determine if dumping is occurring.
India initiates anti-dumping probe into import of multi-layer paperboard from Indonesia
The Directorate General of Trade Remedies has initiated an anti-dumping investigation into imports of multi-layer paperboard from Indonesia, following a complaint from the Indian Paper Manufacturer Association. The association alleges that the domestic industry is suffering injury due to dumped imports.
India imposes anti-dumping duties on plastic processing machines imported from China, Taiwan
India has taken steps to protect its domestic industries. Anti-Dumping Duties are now in effect for five years on plastic processing machines. These machines are imported from China and Taiwan. The Directorate General of Trade Remedies recommended this action. Mica pearlescent pigments for automobiles will not face countervailing duty if imported from China.
India slaps anti-dumping duty on insoluble sulphur from China, Japan
India has implemented anti-dumping duties on insoluble sulphur imports from China and Japan, alongside vitamin-A palmitate from China, the EU, and Switzerland. This action follows a DGTR recommendation to protect domestic industries from unfairly priced imports. The imposed duties, effective immediately, will remain in place for five years, aiming to counter the harm caused by dumping practices.
DGTR recommends anti-dumping duty on imports of a fungicide from EU
The commerce ministry's DGTR has suggested a USD 733 per tonne anti-dumping duty on Thiram imports from the EU for five years. This action is in response to an application by Swarup Chemicals Pvt Ltd, aiming to protect domestic industry from injury caused by dumped imports. The finance ministry will make the final decision.
SAIL, NMDC Steel shares rally up to 7% on DGTR’s recommendation of 12% safeguard duty
Steel Authority of India (SAIL) and NMDC Steel shares saw up to an 8.3% surge on the BSE after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on specific steel imports. This temporary measure aims to support domestic producers against unfair trade practices.
DGTR recommends anti-dumping duty on import of vitamin from China, EU, Switzerland
The Directorate General of Trade Remedies (DGTR) recommends anti-dumping duty of up to USD 20.87 per kilogram on imports of 'Vitamin A Palmitate' from China, the EU, and Switzerland to protect domestic industry. The DGTR also suggests a duty of up to USD 358 per tonne on 'Insoluble Sulphur' from China and Japan for five years.
DGTR terminates anti-dumping probe on imports of Chinese fasteners
The Directorate General of Trade Remedies (DGTR) has ended its anti-dumping investigation into Chinese fasteners. The probe was discontinued due to insufficient evidence of dumping and harm to Indian producers. The DGTR initiated the investigation on its own in September 2023. The decision aims to protect MSME producers against dumped goods from China.
DGTR for continuation of anti-subsidy duty on certain type of steel pipes, tubes from China, Vietnam
The Directorate General of Trade Remedies (DGTR) has recommended the extension of countervailing duties on welded stainless steel pipes and tubes from China and Vietnam to protect domestic players, citing the risk of harm to the local industry if the duty is lifted, proposing a duty of up to 29.88%.
DGTR recommends anti-dumping duty on water treatment chemical from China, Japan
The Directorate General of Trade Remedies (DGTR) recommended imposing anti-dumping duties on imports of 'Trichloro isocyanuric acid' from China and Japan, used for water treatment, to safeguard domestic industry. Bodal Chemicals Ltd initiated the investigation. The proposed duty ranges from USD 170 to USD 870 per tonne. The final decision rests with the finance ministry within three months.
DGTR reviews continuation of anti-dumping duty on imported Chinese alloy wheels
DGTR in a notification has said the applicants have submitted prima facie evidence of dumping of the product from China in spite of the existing anti-dumping duties. "The authority hereby initiates sunset review investigation to examine whether the expiry of existing anti-dumping duties against China is likely to lead to continuation or recurrence of dumping and consequent injury to the domestic industry," the notification said.
DGTR suo-motu probing alleged dumping of three Chinese goods; to protect MSMEs from cheap imports
According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners.
Rejection rates of DGTR's recommendations by FinMin to impose anti-dumping duties rise: Report
From September 2020 to October 2022, as many as 70 anti-dumping and countervailing duties recommendations of the commerce ministry were rejected out of 120. From 1991 to 2020, only seven recommendations were turned down by the finance ministry out of 1,052 cases recommended by the commerce ministry's investigation arm -- Directorate General of Trade Remedies (DGTR).
DGTR reviews need to continue anti-dumping duty on imported Chinese flax yarn
Grasim Industries Ltd and Sintex Industries have filed an application before the Directorate General of Trade Remedies (DGTR) for initiation of the sunset review of the anti-dumping duty imposed on imports of 'flax yarn of below 70 lea count' exported from China to India.
Government not to impose anti-dumping duty on Chinese metal cutter wheels
The commerce ministry's investigation arm DGTR had conducted a probe into the alleged dumping of "Resin Bonded Thin Wheels" from China, and in September it recommended the imposition of the duty.
DGTR gets extension for completion of anti-dumping probe on solar cell imports from China, Thailand, Vietnam
"The competent authority has accepted the request of extending time for completing the on-going anti-dumping (original) investigation on imports of solar cells whether or not assembled into modules or panels originating in or exported from China, Thailand and Vietnam...for a further period till November 14, 2022," reported PTI citing an official memorandum of the department of revenue, which was sent to the DGTR.
DGTR for imposing countervailing duty on copper tubes, pipes from Malaysia, Thailand, Vietnam
Taking into consideration the representations, the DGTR initiated an investigation on September 25, 2020, of subsidy being granted by the governments of Malaysia, Thailand and Vietnam on exports of copper pipes and tubes to India on a suo-moto basis without a fully documented petition.
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