India launches anti-subsidy probe into flat stainless steel from Indonesia

• Tuesday, October 22, 2019
• Source:ferro-alloys.com

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• Keywords:India, anti-subsidy probe, flat stainless steel, Indonesia

[Ferro-Alloys.com] According to Ministry of Commerce and Industry, who said in a posting late Monday, that India has begun an anti-subsidy investigation into flat stainless steel products imported from Indonesia.

 

The investigation period spans April 2018 to March 2019, which represents the Indian financial year.

 

During the year, India imported about 227,740 mt of finished steel products from Indonesia, up from 107,040 mt the previous year, data from India's Ministry of Steel showed. Of the total, alloy/stainless steel products made up about 73,000 mt.

 

Indonesia is home to a stainless steel complex operated by China's Tsingshan Group at Morowali, Indonesia, which has a production capacity of about 3 million mt/year.

 

The country plans to turn the Morowali into a major stainless steel production area with about 4 million mt/year of capacity, which would make Indonesia the world's second-biggest producer of the metal. (S&P Global Platts)

 

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• [Editor:kangmingfei]