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Government Extends Anti-Dumping Duty on Carbon Black Imports from Russia and China

In global trade parlance, a nation can pin for anti-dumping probe when the material cargoes from exporting countries are offered at prices lower that the prices of the commodity in the domestic market. This thus leads to price parity of the product in the country, that further causes material injury and narrows down the profit margins of manufacturers.

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Government Extends Anti-Dumping Duty on Carbon Black Imports from Russia and China

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  1. E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Government Extends Anti-Dumping Duty on Carbon Black Imports from Russia and China After a full-fledged investigation by the country’s quasi-judicial body, government of India released a notification on Monday, addressing the extension of anti-dumping duty on Carbon Black from China and Russia till December 31, 2020. Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/government- extends-anti-dumping-duty-on-carbon-black-imports-from-russia-and-china- 3403 The anti-dumping probe on Carbon Black was first imposed on 18 November 2015, after the DGTR confirmed that heavy imports from following countries are causing material injury to the domestic market. After several years’ in May 2020, massive claims from Carbon Manufacturers Association of substantial price parity in domestic carbon black market, petitioned the Directorate General of Trade and Commerce (DGTR) for another inquiry against the dumping of Carbon black from these two countries. As the validity of the existing duty on Carbon Black is only till November 17, 2020, DGTR has called for its continuation based upon all the prime facie evidence submitted by the concerned companies. In global trade parlance, a nation can pin for anti-dumping probe when the material cargoes from exporting countries are offered at prices lower that the prices of the commodity in the domestic market. This thus leads to price parity of the product in the country, that further causes material injury and narrows down the profit margins of manufacturers.

  2. E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ As per ChemAnalyst “Anti-Dumping duty on Carbon Black from China and Russia can strive buyers to reduce their import dependency and turn towards domestic material due to the reduction in price parity. The move is also likely to benefit domestic manufacturers eyeing to extend their profit margins in the near term amidst revival in demand for Carbon Black from automotive industry on the arrival of festive season.” As per ChemAnalyst “Anti-Dumping duty on Carbon Black from China and Russia can strive buyers to reduce their import dependency and turn towards domestic material due to the reduction in price parity. The move is also likely to benefit domestic manufacturers eyeing to extend their profit margins in the near term amidst revival in demand for Carbon Black from automotive industry on the arrival of festive season.” --3--

  3. E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Us ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more For more information, please visit us at www.chemanalyst.com Contact Us: Nilesh Vishwakarma B-44 Sector-57 Noida, National Capital Region Tel: 0120-4523948 Mob: +91-8882336899 Email: info@chemanalyst.com.

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