Jindal Stainless

In Magnet Users Association v. Designated Authority [ 157 ELT one hundred fifty (Tri-Del)], the Hon‟ble Tribunal has made it clear that in an anti-dumping investigation, grades of topic goods, which aren’t produced by the home business have to be excluded from the product scope. In this regard it was clearly brought out within the disclosure that the home business has in reality produced and offered Cold Rolled coils of higher width which is rolled out of the new rolled coils thereby demonstrating that they have produced HR coils.

The market share of the nations attracting antidumping obligation dropped from 26% in the base yr to about 5% within the POI. The share of the domestic trade in the complete demand declined by about 8% upto and thereafter improved by about 9% over the base yr apparently as an impact of the safeguard responsibility and antidumping duty on the subject items from certain countries. The other Indian producers have lost important market share within the damage interval.

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We have thousands tons stock of stainless steel sheet and coil with various size and grade,mainly include austenitic stainless steel, martens stainless steel (including precipitation hardened stainless steel sheet & coil), ferritic stainless steel, and duplex stainless steel.

Characteristics of Stainless Steel Sheet and Plate:
High corrosion resistance
High strength
High toughness and impact resistance
Temperature resistance
High workability, including machining, stamping, fabricating and welding
Smooth surface finish that can be easily clean

Therefore, the Authority notes that improvement of know-how couldn’t be a reason for damage to the home trade. Examination of trends in the volume of dumped imports and prices of the dumped imports from the topic countries, and the domestic costs point out that the dumped imports through volume and value results have affected the prices of the domestic industry through worth suppression and melancholy results in the home market. The above information reveals that the imports from the topic international locations are getting into the Indian market at significantly under the non-injurious price of the domestic market indicating significant value underselling effect on the home costs. 28% within the POI in spite of the fact that China specific safeguard obligation was in force for an element interval of the POI.

Some of the involved events have argued that sure specific manufacturing course of adopted by them give them certain value advantage. But these arguments/claims have not been substantiated with any proof. Further, verification of manufacturing process of the participating producers within the subject countries doesn’t demonstrate any substantial technological benefit to them or any new technological developments.

• The promoting worth also increased in by about 27% but was not sufficient to recover the full value leading to losses.
• The losses have elevated in the POI as a result of vital fall in the selling costs due to drop in import costs form the topic nations.
• Even after imposition of Antidumping obligation on EU, USA, South Africa and Taiwan in the losses have increased as the dumped imports from the topic countries have started getting into the Indian market.
• From constructive profit margin per unit in the base year, profitability of the home trade has declined constantly over the harm investigation interval and resulted in internet loss on the domestic gross sales within the POI.
• The above information reveals that the cost of production increased considerably in by about 37% and thereafter has elevated only marginally during the rest of the harm investigation interval.

Imports in relation to demand are immaterial to automatically drop a rustic from investigation. As explained in the petition, important dumping and harm margin exists from imports of topic goods from Korea. The prices of imports from Korea are much below the extent of prices of the home industry. The Authority notes that the responding exporter from Malaysia has claimed that the black coils of HR are imported by them from a number of producers in several countries, a few of them being their associated/group considerations and additional processed before being exported to India.

Width: 1000mm,1219mm,125mm0,1500mm,2000mm,or required

Therefore, the imported product into consideration and the goods manufactured by the home trade are like articles‟‟ throughout the that means of the term as per the Rules. Having regard to the lesser duty guidelines the Authority recommends imposition of definitive anti-dumping duty equal to the lesser of margin of dumping and margin of harm, in order to take away the harm to the home business.

We produce ASTM/ASME Grade 304, Grade 304L,304h, 316, 316L, 316H, 316TI, 321, 321H, 309S, 309H, 310S, 310H, 410S, 2205, 904L, 2507, 254, gh3030, 625, 253MA, S30815, 317L, Type 317, 316lN, 8020, 800, 800H, C276, S32304 and others special requirement stainless steel grade.

This indicates that the dumped imports are preventing the domestic industry to realize remunerative costs thereby significantly suppressing prices of the home business. Therefore, the arguments of the involved parties on this regard have not been found to be tenable. The interested events have argued that the antidumping duties would adversely have an effect on the downstream business using HR flat products and impression the prices of the completed goods. The Authority notes that the purpose of anti- dumping duties, normally, is to eliminate harm caused to the Domestic Industry by the unfair trade practices of dumping so as to re-set up a state of affairs of open and truthful competitors in the Indian market, which is within the basic interest of the nation.

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This has not been contested by the home trade additionally. Therefore, Bahru claims that the country of origin of such hot rolled flat merchandise of stainless-steel exported by Bahru Stainless to India isn’t Malaysia however the country from where Black Coils are procured, and due to this fact, the investigation against Malaysia must be dropped. Bahru has argued the Designated Authority is incorrect in together with these products sorts, which aren’t in industrial competition within the home market. Merely as a result of Applicant is capable of producing these product sorts isn’t enough.