Indian steel producers seek to halt steel imports from Iran

Monday, 18 March 2019 11:50:16 (GMT+3)   |   Kolkata
       

India’s domestic steel industry has sought government intervention in curbing steel imports from Iran transshipped through the United Arab Emirates (UAE), the Indian Steel Association (ISA), the representative body of Indian steel producers, has said in a communication to the India’s Ministry of Steel.

According to the Indian steel producers, steel imports from Iran transshipped through the UAE during the April-December period of 2018 were estimated at 175,000 mt, more than the imports from Iran during the entire previous fiscal year.

The ISA in its communication to the Ministry of Steel has estimated that in the full fiscal year 2018-19 Iranian steel shipments into India will total around 234,000 mt.

It was pointed out that the landed price of Iranian hot rolled coil (HRC) was around INR 36,350/mt ($527/mt) which was sharply lower than the landed price of ex-China HRC. “These predatory prices are detrimental to domestic producers,” the ISA stated.

The ISA maintained that transshipment of Iranian steel exports to India through the UAE were banned under US sanctions against Iran and the continued shipment of Iranian steel exports to India could attract retaliatory measures from the US administration.


Similar articles

Indian steel industry seeks tariff adjustments from government to check imports

06 Mar | Steel News

Indian government looking into dumping of steel in the country

08 Nov | Steel News

India to fight against EU’s CBAM at WTO, other countries also on board

08 Nov | Steel News

SAIL moves finance ministry seeking CVD on stainless steel imports from China

24 May | Steel News

India’s steel ministry rejects industry demand for basic customs duty hike to check rising imports

28 Apr | Steel News

Indian steel companies seek reimposition of AD duties to check surging imports

11 Apr | Steel News

Indian met coke producers petition government for imposition of AD duty on imports

22 Feb | Steel News

India’s ministry of steel seeks complete scrapping of import duty on coking coal in national budget next year

28 Dec | Steel News

India’s DGTR starts probe into rising ferromolybdenum imports from S. Korea

06 Oct | Steel News

India recommends AD duty on ex-China seamless stainless steel pipes and tubes

28 Sep | Steel News