DGTR recommends anti-dumping duty on aluminium imports
Steel

DGTR recommends anti-dumping duty on aluminium imports

The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty on flat-rolled aluminium products from China to offset the damage caused due to dumping products in the Indian market.

This flat-rolled aluminium is used in solar module manufacturing of ground-mounted or rooftop solar projects. The investigation was carried out between 1st April 2019 to 31th March 2020.

Hindalco Industries with DGTR applied on behalf of domestic industries to begin the anti-dumping investigation on aluminium imports from China.

The production share of the petitioner is about 71% of the total production in India. Jindal Aluminium and Manaksia Aluminium Company supported the application.

The domestic industries said that the imports from China have increased during the injury period. Imports increased from 39% to 64% during the investigation period.

Hindalco Industries said that Chinese imports increased by 60% in the same period, but the petitioner's sales increased only by 2%.

Even after a decline in Chinese imports, the imports remained substantial during the investigation period. TheThe petitioner's sales in the investigation period were about 90%, compared to 53% in 2016-17 and 73% in 2017-18.

Hindalco said that due to low-cost imports, the company had not been able to sell its products to local customers, resulting in piling of inventories at its plants.

According to the petitioner, Chinese producers had significantly unutilised capacities and have enough for exports in India, which have only 0.5 million MT demand. Their capacity utilisation was about 60%.

Out of the total aluminium production in China, about 16% is for exports, including India.

DGTR notices that domestic industries suffered material injury during the investigation period. Examining the Chinese imports and the domestic industry's performance revealed that the dumping volume of Chinese imports increased in both absolute and relative terms.

The quantity of goods increased by over 60%, while the demand only increased by 18%. The market share of domestic industries also decreased by 12% during the investigation period. The market share of Chinese imports increased by 35% during the same period.

Image Source


Also read: Govt launches anti dumping probe into solar cell and module imports

The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty on flat-rolled aluminium products from China to offset the damage caused due to dumping products in the Indian market. This flat-rolled aluminium is used in solar module manufacturing of ground-mounted or rooftop solar projects. The investigation was carried out between 1st April 2019 to 31th March 2020. Hindalco Industries with DGTR applied on behalf of domestic industries to begin the anti-dumping investigation on aluminium imports from China. The production share of the petitioner is about 71% of the total production in India. Jindal Aluminium and Manaksia Aluminium Company supported the application. The domestic industries said that the imports from China have increased during the injury period. Imports increased from 39% to 64% during the investigation period. Hindalco Industries said that Chinese imports increased by 60% in the same period, but the petitioner's sales increased only by 2%. Even after a decline in Chinese imports, the imports remained substantial during the investigation period. TheThe petitioner's sales in the investigation period were about 90%, compared to 53% in 2016-17 and 73% in 2017-18. Hindalco said that due to low-cost imports, the company had not been able to sell its products to local customers, resulting in piling of inventories at its plants. According to the petitioner, Chinese producers had significantly unutilised capacities and have enough for exports in India, which have only 0.5 million MT demand. Their capacity utilisation was about 60%. Out of the total aluminium production in China, about 16% is for exports, including India. DGTR notices that domestic industries suffered material injury during the investigation period. Examining the Chinese imports and the domestic industry's performance revealed that the dumping volume of Chinese imports increased in both absolute and relative terms. The quantity of goods increased by over 60%, while the demand only increased by 18%. The market share of domestic industries also decreased by 12% during the investigation period. The market share of Chinese imports increased by 35% during the same period. Image SourceAlso read: Govt launches anti dumping probe into solar cell and module imports

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement