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How China is dodging duty wall to continue dumping stainless steel in India

The country is routing its exports via Indonesia, where its firms have already installed 3 mn tonnes of capacity, which is twice the South-East nation's annual consumption

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Apart from JSW Steel and ArcelorMittal, 11 others are believed to be in the fray

Last Updated : Jan 21 2019 | 8:04 PM IST

Responding to the Indian government's move to levy 18.95 per cent countervailing duty (CVD) on direct imports from China, companies from that country have started using the Indonesian route to continue dumping stainless steel into India.

Over the past couple of years, investors have installed three million tonnes of production capacity in Indonesia against that country’s total consumption of 150,000 tonnes. Indian stainless steel producers fear that the new capacity installed in Indonesia is primarily coming in from Chinese companies, whose aim is to continue dumping the product into India under the South Asian Free Trade Area (SAFTA).

“The stainless steel industry

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