[SMM Analysis] India's anti-dumping investigation against Chinese stainless steel coil is expected to have a limited impact

According to the Ministry of Commerce, on July 3, the Ministry of Commerce of India issued an announcement that, on the application of domestic enterprises, it decided to launch an anti-dumping investigation into stainless steel coil (Flat Rolled Products of Stainless Steel) imported from 15 countries / regions, including mainland China, South Korea, the European Union, Japan, Taiwan, the United States, Thailand, South Africa, and so on. Mainly related to stainless steel hot coil (width < 1650 mm), stainless steel cold coil (width ≥ 600mm), stainless steel blade, blank stainless steel hard coin, and products under Indian Customs tariff 7219 and 7220.

"Click to see" Ministry of Commerce: India initiates Anti-dumping investigation against Chinese stainless Steel Coil sheet

According to SMM data, Taiwan, South Korea and Vietnam accounted for the top three of China's stainless steel exports by country (region) in 2018, while India accounted for 3 per cent of the month.

In 2018, China's stainless steel exports accounted for the proportion of countries:

China's total stainless steel exports increased by 1 per cent to 3.9937 million tons in 2018. The main export areas of stainless steel in China are Taiwan, South Korea and Vietnam. Exports of stainless steel from India are decreasing year by year, down 23 per cent to 95000 tons in 2018 from a year earlier, accounting for 3 per cent of total exports. SMM believes that the anti-dumping investigation of stainless steel launched by India has affected the export of Chinese stainless steel cold and hot coil to a certain extent, but the impact is limited.