The Indian government will not impose anti-dumping duty on copper and copper alloy flat-rolled products (FRP) imported from China, Korea, Malaysia, Nepal, Sri Lanka and Thailand.
In April this year, the Commerce Ministry’s Investigative arm Directorate General of Trade Remedies (DGTR) recommended imposing the duty on copper and copper alloy FRP imports from the above-mentioned countries.
The government announced its decision through a notification on July 2. DGTR had recommended $42-1,077/mt duty. However, the finance ministry is the final decision-making authority in such cases.
India imported 152,200mt of refined copper in 2020, up from 35,000mt in 2017, following the shutdown of the Tuticorin smelter. As a result of its closure, India became a net importer of copper.