India Probes Anti-Dumping Allegations on Vietnamese Steel Imports

India has launched an anti-dumping investigation into hot rolled steel imports from Vietnam. This action follows a complaint from domestic steel manufacturers, alleging that imported products are causing material injury to the local industry due to dumped prices. The probe is conducted by DGTR with data from April 2020 to March 2023.

India has initiated an anti-dumping probe into the import of hot rolled steel products from Vietnam following allegations by a local manufacturer. The Directorate General of Trade Remedies (DGTR), part of the Commerce Ministry, is leading the investigation.

According to a DGTR notification, the Indian Steel Association has filed an application for domestic producers such as JSW Steel Ltd and ArcelorMittal Nippon Steel India Ltd, claiming that the imported products are undercutting local prices and causing significant harm to the domestic industry. Following this, the DGTR has found prima facie evidence of dumping and potential injury to local manufacturers.

If proven, the DGTR may recommend the imposition of anti-dumping duties on these imports. The final decision, however, rests with the Finance Ministry. This investigation aims to ensure fair trading practices under the WTO regime, with both India and Vietnam as member countries. The probe covers import data from April 2020 to March 2023.