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Indian steel mills & ferroalloy makers oppose anti-dumping duty on met coke-- The 18th China(Guangzhou) Int’l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
11/3/2016 plate metal expo-wire expo |
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The Hindu reported that Indian steel companies and ferroalloy manufacturers have objected to the anti-dumping duty being planned by the government on metallurgical coke imported from Australia and China.
In a letter to the Government, Mr Sanak Mishra, Secretary General, Indian Steel Association, said “Met coke cost in overall crude steel production accounts for 40-50 per cent and any import duty would push up steel prices by INR 700-1,500 a tonne. In fact met coke prices have more than doubled to USD 285 a tonne from USD 121 in January. Given that steel industry is facing turbulent times, any anti-dumping duty will cripple the industry further.”
In a letter addressed to Ms Aruna Sharma, Secretary, Ministry of Steel, Mr JK Chatterjee, Secretary-General Indian Ferro Alloy Producers’ Association, said “The indigenous met coke industry is not capable of producing low ash metallurgical coke with ash content less than 12.5 per cent and phosphorous content less than 0.18 per cent, which is an absolute pre-requisite for use in ferroalloy production. Any high ash met coke will technically damage the furnaces and the consumption of coke and fluxes will be very high leading to high operating cost. Imposing import duty on met coke will deny the ferroalloy industry level playing field with other producers.”
Late last month, the Directorate-General of Anti-Dumping completed its investigation on the issue and recommended import duty of USD 25 a tonne on metallurgical coke coming from China and USD 16 a tonne on coke imported from Australia.
-- The 18th China(Guangzhou) Int’l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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