The Indian
Steel Association, the apex body of the steel industry in India, has asked the government
on November 2016 not to
impose any anti-dumping duty on metallurgical coke (met coke) fearing cost escalation of
their products as the
imposition of any anti dumping duty will result in an increase in the cost of finished steel by Z
700 to Z 1500
per tonne.
Met coke prices have nearly tripled since January, 2016 since the time
the case was initiated and is currently ruling around $ 350 per tonne, with no signs of
abating.
The Ministry of Commerce had initiated anti-dumping investigation on import of low ash met coke
from Australia and China in 2015 and this has resulted in the sharp increase in the price of this key raw
material.
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