India is likely to impose anti-dumping duty on radial rubber tyres from Thailand, Directorate General of Trade Remedies (DGTR) announced on Dec 2. Zinc is used in the production of tyres and could indirectly impact demand for zinc dross if DGTR chooses to impose duties.
AD on low-priced imports could benefit domestic players amid growing auto consumption. If duties are imposed, it could also lead to ramped up production of tyres and in turn demand for dross may increase further in India.
India is contemplating to slap AD of $337.80-527.08/mt for radial tyres used for busses and trucks. These tyres can be with or without tubes and flaps originating from Thailand. The DGTR has decided to fix duties after Automotive Tyre Manufacturer’s Association filed the concern on behalf of tyre manufacturers inclusind Apollo Tyres, Ceat, JK Tyres and MRF.