India starts probe into alleged dumping of electrogalvanized steel from Korea, Japan, Singapore
India has initiated a probe into alleged dumping of electrogalvanized steel, used in auto and electronics industries, from Korea, Japan, Singapore following a complaint by a domestic company. American Precoat Speciality Pvt Ltd has filed an application before the Directorate General of Trade Remedies (DGTR) for investigation of anti-dumping duty concerning the imports of electrogalvanized steel from the three countries.
The directorate, under the Commerce Ministry, will see whether the product is being dumped by firms of these nations in India and if it is impacting the domestic industry.
If it is established in the probe that the dumping is denting margins of the domestic firm, the DGTR would recommend anti-dumping duty with a view to guard local industry from cheap imports.