ANTI DUMPING DUTIES
Consumption and infrastructure 2 top compounding themes in market now: Sumit Bhatnagar
Sumit Bhatnagar of LIC MF is optimistic about Indian markets. Economic revival and corporate earnings are expected. Consumption and infrastructure are key themes. Rural consumption has revived. Urban consumption is expected to follow. Financials, telecom, and cement sectors may surprise positively. Steel is expected to perform well. Defence sector offers attractive opportunities. Drones have both defence and industrial applications.
'Just managing': US tariffs leave Indian shrimp farmers struggling
Indian shrimp farmers face potential ruin due to rising costs, stagnant demand, and looming U.S. tariffs. President Trump's proposed 26% tariff threatens to make Indian shrimp too expensive for the crucial U.S. market, jeopardizing livelihoods. The industry seeks government intervention to reduce input costs and explore new markets to alleviate the crisis.
India slaps anti-dumping duty on insoluble sulphur from China, Japan
India has implemented anti-dumping duties on insoluble sulphur imports from China and Japan, alongside vitamin-A palmitate from China, the EU, and Switzerland. This action follows a DGTR recommendation to protect domestic industries from unfairly priced imports. The imposed duties, effective immediately, will remain in place for five years, aiming to counter the harm caused by dumping practices.
China says willing to improve communication with countries on rare earth controls
China said it has approved some rare earth export requests and aims to refine its approval process. The move comes as India faces growing shortages, with recent export requests reportedly denied.
India hits China, Japan and EU with fresh anti-dumping duties on vitamin and rubber chemical imports
The Indian government is placing anti-dumping duties on Vitamin-A Palmitate from China, Japan, Switzerland, and the EU. Duties are also imposed on Insoluble Sulphur from China and Japan. This action protects local manufacturers from low-priced imports. The duties are effective for five years. Investigations revealed unfair pricing practices.
Pramod Amthe on 3 stock ideas for June and 2 stocks where they booked profit
InCred Capital booked profits in Adani Port and exited Cipla due to margin concerns, while introducing Camlin Life Science, anticipating stabilization and benefits from anti-dumping duties. They remain neutral on IT and consumer staples, favoring autos and high-end consumption plays like Ethos and TCPL Packaging. Despite tepid Nifty 50 earnings growth, mid and smallcaps show promise.
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Stainless steel industry pushes for dumping duty
India's stainless steel industry is engaging with the Centre to impose an anti-dumping duty, with an application expected this month. Ratan Jindal emphasizes the need for safeguards to encourage investment as domestic capacity utilization hovers around 60%, while imports account for 30% of consumption.
Nitrile gloves firm Enliva to invest Rs 100 crore to scale operations
As demand for nitrile gloves in India rises, Hyderabad-based Enliva is tapping on this growing sector.
DGTR recommends anti-dumping duty on imports of a fungicide from EU
The commerce ministry's DGTR has suggested a USD 733 per tonne anti-dumping duty on Thiram imports from the EU for five years. This action is in response to an application by Swarup Chemicals Pvt Ltd, aiming to protect domestic industry from injury caused by dumped imports. The finance ministry will make the final decision.
China slaps anti-dumping duties on plastics from US, EU, Japan, Taiwan
China has imposed anti-dumping duties, as high as 74.9%, on POM copolymer imports from the U.S., EU, Japan, and Taiwan, following a probe initiated after the U.S. increased tariffs on Chinese goods. The duties, effective immediately, target various companies with specific rates, while the move comes amid hopes of easing trade tensions between the U.S. and China.
Govt developing platform for online submission of documents in trade remedy probes
To bolster transparency and efficiency, the government is developing a digital platform for electronic document submission in trade remedy investigations conducted by the Directorate General of Trade Remedies (DGTR). This initiative aims to protect domestic sectors from unfairly priced imports and subsidized goods, enhancing accessibility for all stakeholders.
Borosil Renewables board approves revised expansion project at estimated cost of Rs 950 cr
Borosil Renewables is set to expand its production capacity. The board has approved a plan to increase capacity by 600 tonnes per day. This expansion will cost an estimated Rs 950 crore. The company anticipates favorable market conditions after anti-dumping measures. The expansion involves setting up two furnaces in Gujarat.
Multibagger or IBC (Series: AA 125), Part 5: This company, at the right place at the right time
In its 2017-18 annual report, this company stated: “The future belongs to Electric vehicles (EVs), and LEDs will be significantly efficient on these vehicles” and that “plans are on the anvil to localise products (for EVs)”. The 2021-22 annual report shows it was not all tall talk. The company, it said, had set up a “state-of-the-art electronics plant in Bawal, Haryana, where [it] will manufacture cutting-edge electronic components and technology software – focusing on developing EV components. Cut to Q3FY25: 33% of its total order book of Rs. 2,600 crore comes from EVs.
India slaps anti-dumping duty on some Chinese, Vietnamese solar glass for 5 years
India will impose anti-dumping duty on specific solar glass. The glass is imported from China and Vietnam. The duty could reach USD 664 per tonne. This action aims to protect Indian manufacturers. The Directorate General of Trade Remedies investigated the matter. Borosil Renewables Ltd filed the original complaint. The duty will be valid for five years, starting December 4, 2024.
China imposes anti-dumping measures on imports of cypermethrin pesticide from India
China has imposed anti-dumping duties on cypermethrin imports from India, effective Wednesday. This decision follows an investigation by Chinese authorities, which concluded that Indian cypermethrin was being dumped and causing significant harm to China's domestic industry. Cypermethrin is a key ingredient in insecticides used to protect crops like cotton and vegetables.
Stainless steel industry urges govt to take measures to protect domestic players
The Indian stainless steel industry is seeking government intervention through safeguard duties to combat a surge in cheap finished steel imports, primarily from China and ASEAN countries. Local manufacturers are struggling with high costs and unfair competition, threatening the 'Make in India' initiative. The industry plans to address these challenges at the upcoming Global Stainless-Steel Summit 2025.
India could grow at 6.5% in FY26; falling crude prices to support growth: EY
EY forecasts India's economy could grow by 6.5% in the current fiscal year, driven by lower crude oil prices, which are expected to ease inflation and support growth despite global trade tensions. The report highlights four key factors: reduced exports, global slowdown, falling crude prices, and global excess production. EY expects crude oil prices to remain in the range of $60-65 per barrel, benefiting India.
Indian firms should avoid re-routing of goods from China to US: GTRI
GTRI advises Indian exporters to avoid re-routing Chinese goods to the US to bypass tariffs, emphasizing genuine value addition and supply chain transparency. The US is imposing high tariffs on China, leading to trade strategy shifts and potential market distortions.
In troubled waters: Trump’s tariffs threaten India’s shrimp lifeline
Trump’s tariffs to hit Indian shrimp processors and farmers hard, given that the US accounts for 41% of India’s shrimp exports.
Waaree Energies, Premier Energies shares jump up to 8% after US slaps tariffs on solar equipment imports from Southeast Asia
Shares of Premier Energies and Waaree Energies surged up to 8% after the U.S. imposed anti-dumping duties as high as 3,521% on solar imports from Southeast Asia. The move followed a probe into unfair trade practices. However, analysts caution downside risks for both stocks, with 'Hold' ratings and target prices implying 12–13% declines from current levels.
Manjinder Sirsa orders crackdown on polluters amid deteriorating air quality in Delhi
Delhi Environment Minister Manjinder Singh Sirsa has ordered a crackdown on polluting industries, institutions, and construction sites due to rising air pollution. He instructed officials to enforce dust control measures, deploy water sprinklers, and monitor air quality in sensitive areas. Sirsa emphasized inter-departmental coordination and warned of penalties for repeat offenders, stressing the urgency of addressing the health emergency.
US says most tomatoes imported from Mexico to face 21% duty
The U.S. Commerce Department announced that most tomatoes imported from Mexico will face duties of 20.91% starting July 14. This decision withdraws from a previous agreement, as the department claims it failed to protect domestic tomato growers. The move aims to allow U.S. growers to compete fairly.
India preparing to ship 40,000 tonnes of shrimp to US after tariff pause
Indian seafood exporters are preparing to ship shrimp to the United States. This follows a pause in planned tariff increases by the US. The decision provides relief to exporters. Around 2,000 containers of shrimp are being readied for export. The US remains India's largest shrimp market.
Lock, stock, and no cheap China imports
India is taking measures to protect domestic industries from cheap Chinese imports, which may flood the market due to escalating tariffs between China and the US. Policymakers are exploring minimum import prices, safeguard duties, and anti-dumping measures. The Directorate General of Trade Remedies (DGTR) has already initiated several inquiries against Chinese imports to prevent harm to local businesses, especially MSMEs.
India imposes provisional anti-dumping duty on import of Chinese aluminium foil
India has imposed a provisional anti-dumping duty ranging from $619 to $873 per metric tonne on aluminium foil imports from China. This measure will be in effect for six months to mitigate the pressure on domestic producers caused by cheaper Chinese imports, following preliminary findings of material injury.
China extends anti-dumping duties on Indian chemical for five years
China has extended anti-dumping duties on imports of o-chloro-p-nitroaniline originating in India for another five years. China first imposed the duties for five years as of February 12, 2018 at rates of 31.4-49.9 per cent. According to the MOFCOM website, from 1995 to 2023, India initiated 336 anti-dumping investigations against China.
Anti-dumping duty imposed on Chinese chemical import
It is for the second time in a row that anti-dumping duty has been imposed on the import of the chemical from China.
DGTR suggests anti-dumping duty on import of chemical used in paints from Brazil, Indonesia, Thailand
The trade remedy body under the Department of Commerce has recommended imposing duty between $0.235- 0.906 per kg.
Government may extend anti-dumping duty on cold rolled steel
Government may extend anti-dumping duty of up to 57.39 per cent on certain steel products imported from China, Korea and four other countries.
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