DGAD initiates anti dumping probe on HRC import from China, Japan and South Korea, Russia, Brazil an

Reuters reported that India has initiated investigations into the possible dumping of cheap HRC steel products into the country. A source at the Directorate General of Anti-Dumping & Allied Duties told Reuters that China, Japan and South Korea, Russia, Brazil and Indonesia are being investigated by Indian government over the export of cheap hot-rolled flat steel products in coils and sheets

The source said that exporters have 40 days to respond to the notice of initiation and that a formal notification will be issued on Tuesday.

Indian steelmakers JSW Steel, Essar Steel and Steel Authority of India had approached the DGAD seeking anti-dumping duties on cheap imports flooding local markets and pressuring margins.