Anti-dumping duty on Metallurgical coke bane to steel industry : ISA

Posted on:07 Nov 2016 18:19:59
Anti-dumping duty on Metallurgical coke bane to steel industry : ISA
07 November 2016 Current Affairs: The Indian Steel Association (ISA) has asked the Central Government not to impose any anti-dumping duty on Metallurgical Coke (met coke) fearing cost escalation of their products. 

A levy of anti-dumping duty on met coke will have a cost-push effect on the steel sector. It will fuel further the cost of steel making, resulting in an increase in the cost of finished steel.

Metallurgical coke : Metallurgical coke is made from low ash, low sulfur bituminous coal, with special coking properties. It is one of the most important and critical raw materials for the steel industry. 

The steel industry in India having large blast furnaces requires met coke with high ash content and moisture content of less than 5% to run efficiently. This demand is met through imports from other countries as the domestic met coke has low ash content and high moisture content along high phosphorous and sulpher content.

The Union Ministry of Commerce had initiated anti-dumping investigation on import of low ash met coke from Australia and China in the year 2015.

 It had resulted in the sharp increase in the price of this key raw material with no signs of abating. Besides this, domestic steel industry is getting affected by the unbridled steel imports from countries such as China, Japan, South Korea, Russia at predatory prices.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs January 2018

17 JANUARY
NEWS
16 JANUARY
NEWS
15 JANUARY
NEWS
14 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS