NEW DELHI - India has imposed antidumping duties on coke imports from China and Australia, which will be effective over the next five years, according to a statement by the Country’s Ministry of Finance.
Duties of $25.20/mt and $16.29/mt will be levied on imports from China and Australia, respectively, starting November 25.
The antidumping application had been filed in December by the Indian Metallurgical Coke Manufacturers Association, whose members include coke makers Saurashtra Fuels Pvt. Ltd., Gujarat NRE Coke Ltd., Carbon Edge Industries Ltd., Bhatia Coke and Energy Ltd. and Basudha Udyog Pvt. Ltd, which together account for more than half of India’s merchant coke output.
But market participants stated that the duty of $25.20/mt imposed on Chinese coke imports was only a small fraction of the current price and might not boost the competitiveness of Indian alternatives.
SOurce: Dailyshippingtimes.com
