India’s Directorate General of Trade Remedies (DGTR) launched an anti-dumping investigation into imports of copper and copper alloy flat products from six Asian countries.
Agarwal Metal Works, an Indian copper manufacturer, with support from other domestic producers, filed an application with government authorities to initiate a probe citing damage to the domestic industry, which produces identical goods to those under consideration. Copper products being allegedly dumped into India by China, South Korea, Thailand, Malaysia, Nepal and Sri Lanka,
have caused deterioration in performance of the domestic industry in terms of profitability, cash profits and return on capital employed, according to the applicant.
The products under consideration are flat rolled products of copper, such as copper sheets, copper plates, copper strips, copper foils and other flattened forms of copper or its alloys, which are used in the power distribution, electric and automotive industries. Refined copper or copper alloys with zinc and tin also fall under the scope of the probe.
The review period for the investigation will be from Jan 01, 2019 to Dec 31, 2019, and the injury investigation will cover a three-year period from FY2016 (April 2016-March 2017) to FY2019.