NEW DELHI: India’s exports of certain iron items to the European Union (EU) and shipments of ferro alloys to South Korea have come under the scanner of local authorities in those jurisdictions. The European Commission (EC) has initiated an investigation into certain items of grey iron and ductile cast iron from India on allegations that they are being ‘dumped’ (or sold below the price charged in the home market or below production cost) into the EU region. This, the EC probe suggests is adversely affecting local industry as these articles are used to cover and, or give access to ground or sub-surface systems.
Seven EU producers of the item including Saint-Gobain, together representing over a quarter of the total EU production of certain cast iron items, lodged a complaint with the EC on October 31, 2016 that imports of such articles from India and China are being dumped causing material injury to them. The complainants also provided ‘evidence’ of increase in imports (to the EU) of these items in absolute terms and in terms of their market share in the EU.
