The Finance Ministry of India has imposed anti-dumping duty on all imports of graphite electrodes from China based on recommendations of the Directorate General of Anti-Dumping Duty (DGAD) for the next five years. Graphite electrodes are mainly used for melting of steel. The petition seeking anti-dumping duty on graphite electrodes imports from China was filed by HEG Ltd and Graphite India Ltd.
HEG is the leading manufacturer and exporter of Graphite Electrodes in India. Imposing anti-dumping duty is considered as a step to protect the domestic industry from below-cost shipments. The duty ranges between $ 278.19 and $ 922.03 per tonne on imports of a product used in steel plants.
Knowledge is Wealth
- Graphite is considered as the most stable form of carbon under standard conditions and highest grade of coal. Graphite is also called meta-anthracite.
- China is the largest producer of Graphite in the World.
- What is Dumping – Dumping is a process of Exporting goods at prices lower than the home-market prices.
- What is Anti-Dumping – Anti dumping is a measure to rectify the situation arising out of the dumping of goods and re-establish fair trade.