- China’s predatory pricing disrupting domestic market
- Producers face eroding margins, increased competition
The Alloy Steel Producers Association of India (ASPA) has formally petitioned the government to impose anti-dumping duties on imports of alloyed steel wire rods falling under Chapter 72 of the Harmonised System of Nomenclature (HSN). The move targets alleged dumping practices by Chinese suppliers, who have emerged as the largest exporters of this steel category to India.
Industry representatives allege that a surge in low-priced imports from China is disrupting the domestic market. According to ASPA, these alloyed steel wire rods are being sold in India at prices significantly below their production cost in China, a practice they claim amounts to “predatory pricing”.
Domestic steelmakers argue that this influx of underpriced imports has eroded working margins and intensified competitive pressures in an industry already burdened by rising raw material costs, regulatory headwinds, and volatility in end-user demand, particularly from the construction and manufacturing sectors.
ASPA’s petition seeks urgent intervention through anti-dumping measures, contending that without corrective action, local producers may face further financial strain and potential capacity shutdowns. The Directorate General of Trade Remedies (DGTR) is expected to review the petition and notify a formal investigation into the alleged dumping, if warranted.
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