Import Archives - Core Sector Communique

Anti Dumping Duty Investigation on Import of Met Coke from China

Chawm Ganguly — Fri, 08 Jan 2016 12:18:42 +0000

Kolkata, January 8, 2016: Indian Metallurgical Coke Manufacturers’ Association (IMCOM) thanks the Government for initiation of anti-dumping duty investigation on import of met coke. The Directorate General of Anti-Dumping and Allied Duties, Department of Commerce, Ministry of Commerce and Industry, Government of India had by its order dated December 30, 2015 initiated the anti-dumping investigation concerning imports of “Low Ash Metallurgical Coke” originating in or exported from China and Australia. The application for anti-dumping duty was filed by IMCOM on behalf of the domestic producers namely, Gujarat NRE Coke Ltd, Saurashtra Fuels Pvt Ltd, Carbon Edge Industries Ltd, Bhatia Coke & Energy Ltd and Basudha Udyog Pvt Ltd.

The domestic metallurgical coke industry has been suffering for over last two years due to excessive dumping of met coke by China. The cheap imports from China have increased exponentially by over 5 times in last few years and is today reaching India at a price which is much lower than the cost of production of met coke. Chinese met coke is today available in India at as low as $120 per tonne, while the cost of coking coal required for producing one tonne of met coke alone is $130 (1.44 tonne of coking coal produces 1 tonne of met coke). The Designated Authority has acknowledged this concern of dumping as it states in its initiation order, “The Authority prima facie finds that sufficient evidence of dumping of the subject goods, originating in or exported from the subject countries; injury to the domestic industry and causal link between the alleged dumping and injury exist to justify initiation of an anti-dumping investigation.” The order further goes on to acknowledge, “There is sufficient evidence of the significant dumping margins to justify initiation of antidumping investigation.”

IMCOM urges the concerned authorities to come out with the preliminary findings at the earliest for early imposition of provisional duty. 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.

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India’s Foreign Trade: May, 2013

Chawm Ganguly — Mon, 17 Jun 2013 13:19:36 +0000

EXPORTS (including re-exports)

Exports during May, 2013 were valued at US $ 24505.66 million (Rs. 134807.62 crore) which was 1.11 per cent lower in Dollar terms (0.13 per cent lower in Rupee terms) than the level of US $ 24779.72 million (Rs. 134983.82 crore) during May, 2012. Cumulative value of exports for the period April-May 2013 -14 was US $ 48670.03 million (Rs. 266203.05 crore) as against US $ 48568.66 million (Rs. 258239.33 crore) registering a growth of 0.21 per cent in Dollar terms and growth of 3.08 per cent in Rupee terms over the same period last year.

IMPORTS

Imports during May, 2013 were valued at US $ 44649.26 million (Rs.245619.14 crore) representing a growth of 6.99 per cent in Dollar terms and 8.04 per cent in Rupee terms over the level of imports valued at US $ 41733.45 million ( Rs. 227336.72 crore) in May, 2012. Cumulative value of imports for the period April-May, 2013-14 was US $ 86600.99 million (Rs. 473734.59 crore) as against US $ 79540.94 million (Rs. 423225.26 crore) registering a growth of 8.88 per cent in Dollar terms and growth of 11.93 per cent in Rupee terms over the same period last year.

CRUDE OIL AND NON-OIL IMPORTS:

Oil imports during May, 2013 were valued at US $ 15022.3 million which was 3.05 per cent higher than oil imports valued at US $ 14578.3 million in the corresponding period last year. Oil imports during April-May, 2013-14 were valued at US $ 29107.3 million which was 3.47 per cent higher than the oil imports of US $ 28131.8 million in the corresponding period last year.

Non-oil imports during May, 2013 were estimated at US $ 29627.0 million which was 9.10 per cent higher than non-oil imports of US $ 27155.2 million in May, 2012. Non-oil imports during April – May, 2013-14 were valued at US $ 57493.7 million which was 11.84 per cent higher than the level of such imports valued at US $ 51409.2 million in April – May, 2012-13

TRADE BALANCE

The trade deficit for April – May, 2013-14 was estimated at US $ 37930.96 million which was higher than the deficit of US $ 30972.28 million during April – May, 2012-13.

EXPORTS & IMPORTS : (US $ Million)
(PROVISIONAL)
	MAY	APRIL-MAY
EXPORTS(including re-exports)
2012-13	24779.72	48568.66
2013-14	24505.66	48670.03
%Growth2013-14/ 2012-2013	-1.11	0.21
IMPORTS
2012-13	41733.45	79540.94
2013-14	44649.26	86600.99
%Growth2013-14/ 2012-2013	6.99	8.88
TRADE BALANCE
2012-13	-16953.73	-30972.28
2013-14	-20143.60	-37930.96

EXPORTS & IMPORTS : (Rs. Crore)

(PROVISIONAL)	MAY	APRIL-MAY

EXPORTS(including re-exports)
2012-13	134983.82	258239.33
2013-14	134807.62	266203.05
%Growth2013-14/ 2012-2013	-0.13	3.08
IMPORTS
2012-13	227336.72	423225.26
2013-14	245619.14	473734.59
%Growth2013-14/ 2012-2013	8.04	11.93
TRADE BALANCE
2012-13	-92352.90	-164985.93
2013-14	-110811.52	-207531.54

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Government Advises Power Utilities to Import 46 Million Ton Coal During 2012-13

Chawm Ganguly — Thu, 13 Dec 2012 13:58:54 +0000

The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that the total requirement of coal for the current year has been calculated as 500 Million Tons (MT) including 476 MT indigenous coal and 24 MT imported coal. The sources of indigenous coal are from Coal India Limited, Singareni Colliery Company Limited and from captive mines. The total coal availability from these sources comes to only 407 MT. To bridge the gap between demand for coal and its domestic supply as well as to build reasonable stock of coal, Power Utilities have been advised to import 46 Million Tonne during 2012-13. Also against a gas requirement of around 85 Million Metric Standard Cubic Meter per Day (MMSCMD) (at 90% PLF), 35 MMSCMD gas is being supplied to the gas-based power stations in the country.

As per information received from Ministry of Coal, with a view to bridge the increasing demand supply gap and enhance energy security of the country, Coal India Limited (CIL) has decided to acquire coal resources from abroad. The thrust areas of this overseas venture are to acquire thermal coal assets, undertake their exploration & development operate the mines and finally import the produces to India for supply to thermal power plants. The International Coal Ventures Limited (ICVL) has been set up with the approval of the Cabinet as a Joint Venture Company with Steel Authority of India Limited (SAIL), Coal India Limited (CIL), Rashtriya Ispat Nigam Limited (RINL), NMDC Ltd. and NTPC Ltd. as its promoter companies for acquisition of coal assets/ mines/ companies in overseas territories primarily to meet the current and the growing requirements of the promoter companies.

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