MOSCOW (MRC) -- The Indian government's Directorate General of Anti-Dumping and Allied Duties (DGAD) has initiated an investigation into alleged dumping of styrene butadiene rubber (SBR) series 1,500 and 1,700 from the European Union, South Korea and Thailand, reported Apic-online.
The investigation, covering the 12 month period from 1 Oct. 2014 to 30 Sept. 2015, is the result of an application filed by Indian Synthetic Rubber and Reliance Industries, which alleges that dumping of SBR is "materially retarding the establishment of the domestic industry."
Indian Synthetic Rubber, a joint venture of Indian Oil, TSRC, Trimurti and Marubeni, started commercial production at their 120,000-t/y SBR plant in Panipat, India, in 2014, and Reliance started up a 150,000-t/y SBR unit in Hazira, India, early last year.
As MRC informed previously, in summer 2015, India imposed antidumping duty of USD48.39/mt and USD21.90/mt on caustic soda imports from South Korea and China, respectively. Cargoes produced by South Korea's Hanwha Chemical, and China's Shanghai Chlor-Alkali Chemical and Tianjin Dagu Chemical will not be subject to antidumping duty if imported through trading company US' Tricon Energy.
Besides, earlier, in April 2014, Indian government announced the new anti-dumping duties on PVC imports following sunset investigations.
MRC