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Gujarat NRE hails dumping probe into Chinese met coke

The Union government’s decision to initiate anti-dumping investigation into imports of cheap met coke from China is a step in the right direction and should help domestic manufacturers, including Gujarat NRE Coke Ltd (GNCL), the company said in a filing to the Bombay Stock Exchange (BSE).

“I am confident that with the latest developments we would very soon be able to achieve stability,” Arun Jagatramka, CMD, GNCL, said in the statement.

“The domestic metallurgical coke industry has been suffering for over the last few years due to excessive dumping of met coke by China. Cheap imports from China have increased exponentially by over 5 times in the last few years and are today reaching India at a price which is much lower than the cost of production of met coke,” the statement said.

The designated authority has acknowledged this concern over dumping in its initiation order, saying: “The domestic industry believes that proper imposition of anti-dumping duty on import of met coke can become a life saver for the otherwise dying domestic industry.”

The Directorate General of Anti-Dumping and Allied Duties, Department of Commerce, Ministry of Commerce and Industry, had, by its order dated December 30, 2015, has initiated the anti-dumping investigation concerning imports of “low ash metallurgical coke” originating in or exported from China and Australia.