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India starts Anti Dumping probe on import of High Speed Steel of Non Cobalt Grade from Brazil, China and Germany

Steel News - Published on Wed, 29 Aug 2018

Image Source: Jagran Josh
Directorate General of Trade Remedies vide Notification No 6/23/2018-DGTR, dated 14 August 2018, announced initiation of Anti-Dumping Investigation concerning imports of High Speed Steel of Non Cobalt Grade from Brazil, China and Germany on request of Graphite India Limited, a major producer of the subject goods in India accounting for 83% of the total production in India.

The product under consideration for the purpose of present investigation is "High Speed Steel of Non Cobalt Grade having three elements i.e., Molybdenum, Tungsten and Vanadium, out of which combination of Tungsten and Molybdenum should be between 4%-11.5% and Vanadium 3.5% maximum. Carbon should be between 0.7 %-1.3% and Chromium between 3.5%-4.6%. The subject good is used for making High Speed Steel Cutting Tools. The subject products are classified under Chapter Heading 72 “Iron and Steel” of the Customs. The classification at the 8-digit level is majorly under 72281010 and 72281090. However, goods are coming under other heads of 7228 also. It is clarified that the HS codes are only indicative and the product description shall prevail in all circumstances.

The period of investigation for the purpose of present investigation is from 1st April 2017 to 31st March 2018 (12 months). However, the injury investigation period will cover the data of previous three years, i.e. April 2014 to March-2015, April 2015 to March 2016, April 2016 to March-2017 and POI.

DGTR notification said “Any other interested party may also make its submissions relevant to the investigation in the prescribed form and manner within 40 days from the date of publication of this Notification. If no information is received within the prescribed time limit or the information received is incomplete, the Authority may record its findings on the basis of the facts available on record in accordance with the AD Rules.”

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Posted By : Ratan Singh on Wed, 29 Aug 2018
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