A slippage in China’s steel output in April raises the possibility of more cuts ahead, but it also raises a key risk. The answer lies in the balance
Steel companies like AM/NS operate on tight margins, which need to be protected for investments to continue in the steel sector. Hence, the safeguard duty is necessary now, said Ranjan Dhar, Director & Vice President (Sales and Marketing), ArcelorMittal Nippon Steel India (AM/NS India).
Trump's 26 percent reciprocal tariff will immediately slow down Indian solar exports to the US, but it will make the sector more globally competitive while also affording the opportunity to explore other global markets. The government will need to address fears of dumping by the Chinese manufacturers.
China's share of India’s total steel imports rose to 16.1 percent from 13.4 percent earlier
India's steel industry faces threats from dumping and predatory pricing. ArcelorMittal Nippon Steel India CEO calls for doubled customs duties to protect domestic producers.
A recent IMF working paper assesses the importance of China’s subsidies in shaping its exports and imports, and sheds light on the implications that China’s industrial policy can have for its trading partners
Its commercial arrangement with the innovator, Fermion, and the growing electrolyte additives business are two factors that place the company ahead in the race
China’s voracious appetite for steel has lifted prices benefiting India's steel producers, but that could change when China dials back its stimulus
The DGAD has found "sufficient prima facie evidence" of dumping of the chemical from Saudi Arabia.
The government has initiated a probe into dumping of certain steel items used in automotive and construction industry from China, in order to protect domestic industry
India has initiated a probe into dumping of non-woven fabric from five countries including China, Malaysia and Indonesia to protect the domestic industry from cheap imports
The restrictive duty imposed on import of 'Synchronous Digital Hierarchy Transmission Equipment (SDHTE)' from China ranges between 9.42 per cent and 86.59 per cent of the landed (cost, insurance and freight or CIF) value.
The notices have been issued for hot-rolled coils of alloy and non-alloy steel, a source at the Directorate General of Anti-Dumping & Allied Duties (DGAD) told Reuters.
The steep fall in steel prices over the last year, and dumping by rival countries has hurt the financial health of Indian steel makers. Many companies are now struggling to repay bank loans and this has added to the pile of non-performing assets (NPAs) in the banking system
AK Bajoria, President and Director, JK Tyre says tyre imports into India amounts to 25-30 percent in the truck/bus radial segment and upto 45 percent in the passenger car space.
Vedanta Group Chairman Anil Agarwal says China is dumping aluminium into India, and that the government needs to intervene to protect Indian metal companies from the indiscriminate dumping by Chinese companies.
The Federation of Associations of Maharashtra (FAM) has opposed the 20 percent safe guard duty on hot-rolled steel imports, saying the move will kill small and medium steel businesses, and also threatened to take legal measures.
The People's Bank of China allowed the yuan to depreciate almost 2 percent against the US dollar to levels last seen three years ago, sending a shock through currency markets.