Importers back out of HRC deal as Indian anti-dumping probe begins

Some importers in India have backed out of an HRC import deal for fear of attracting anti-dumping duties when the material arrives in the country.


According to one importer involved in buying the HRC from South Korea, his company and at least two others had backed out of the deal by not issuing a letter of credit to the seller. “We decided against being part of this HRC import consignment because of [the] likelihood of anti-dumping duties being imposed,” he said. “And I believe some other importers have...

Published

Suresh Nair

April 27, 2016

20:05 GMT

Mumbai