India plans five-year anti-dumping duty on Chinese electrical steel

The Directorate General of Trade Remedies (DGTR) under the Indian Ministry of Commerce has recommended the imposition of anti-dumping duties for a period of five years on imports of cold-rolled non-oriented electrical steel from China. The measure aims to protect domestic producers from cheap imports that threaten their business. This was reported by ET.

In its final conclusion, the DGTR noted that the products were exported to India at a price below normal value, which led to dumping on the market. As a result, the agency recommends imposing a duty of $223.82/t on certain Chinese companies and $414.92/t on others.

“The authority recommends the imposition of anti-dumping duties for five years,” the DGTR said in an official statement.

The final decision on the imposition of duties will be made by the Indian Ministry of Finance.

According to the DGTR, the imposition of duties should ensure fair trade conditions and equal competition between local producers and foreign suppliers. India already applies anti-dumping measures to a number of goods to counter cheap imports from various countries, including China.

It is noted that India has a trade deficit with China of about $100 billion, which makes control over dumped imports particularly relevant for protecting domestic producers and stabilizing the market.

As GMK Center reported earlier, India reached its target steel production capacity of 205 million tons per year in the 2024/2025 financial year. The country is confidently moving towards its strategic goal of 300 million tons per year by the 2030/2031 financial year.