India initiates anti-dumping probe on Vietnamese HRC steel products

The Director General of Trade Remedies (DGTR) is starting an anti-dumping investigation on imports of Hot rolled flat products of alloy or non-alloy steel originating in or exported from Vietnam, following a petition by the Indian Steel Association (ISA), who claimed the same are being sold at low prices, causing harm to the domestic industry.

"There is sufficient prima facie evidence that the domestic industry has suffered material injury and there is a threat of injury due to dumped imports from the subject country to justify the initiation of the anti-dumping investigation," according to a gazette notification from the Ministry Of Commerce and Industry dated August 14 that was notified on Friday.

India imported 3.55 mnt HRC/plates in FY24, out of which imports from Vietnam stood at 0.62 mnt. Imports from Vietnam have trebled from 0.22 mnt in FY23 to 0.62 mnt in FY24, as per data maintained with BigMint.

"The product under consideration in the subject investigation is “hot rolled flat products of alloy or non-alloy steel, not clad, not plated or coated, of a thickness upto 25 mm and width upto 2100 mm,” DGTR said in its notice.