homebusiness Newscompanies NewsDGTR launches multiple anti dumping probes into Chinese chemical imports
DGTR launches multiple anti-dumping probes into Chinese chemical imports
Over the past two days, the Directorate General of Trade Remedies (DGTR) has initiated a series of anti-dumping duty investigations targeting chemical imports from China due to a noticeable surge in dumping practices.
Over the past two days, the Directorate General of Trade Remedies (DGTR) has launched multiple anti-dumping duty investigations into certain chemical imports from China due to an uptick in dumping.
A notable trend has emerged, with four distinct chemicals being the focus of separate investigations requested by various listed companies. Deepak Fertilisers, one of the leading producers of Isopropyl Alcohol (IPA) in the country, initiated the review for IPA imports from China.
Additionally, Deepak Phenolics, a subsidiary of Deepak Nitride, has backed this application. Deepak Fertilisers has a production capacity of 70,000 tonnes per annum, while Deepak Phenolics can produce 60,000 tonnes of IPA annually.
Chemplast Sanmar, one of the largest producers in the country, has also filed a review for PVC Paste Resin imports originating not only from China but also from Korea, Malaysia, Norway, Taiwan, and Thailand. Sanmar has a PVC paste capacity of 60,000 metric tonnes and plans to add another 41,000 by the end of FY24, making it a significant player.
Meghmani Finechem and DCM Shriram have sought an investigation into Epichlorohydrin (EPC) imports from Korea, Thailand, and China. Meghmani Finechem recently commissioned EPC production. Both Meghmani Finechem and DCM Shriram, have a capacity of 50,000 tonnes, making them stakeholders in this review.
Lastly, Covestro India has filed for a review of Thermoplastic Polyurethane imports from China.
The actions by the DGTR are just the beginning of the investigations that typically span six to twelve months.
It's crucial to note that the global demand has been weak, leading to these countries dumping their products in India at lower prices, adversely affecting local producers. Now, by filing applications or complaints to the DGTR, these local producers are taking steps to address this issue.
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