India imposes anti-dumping duty on SBR from Thailand, South Korea and EU

India-imposes-anti-dumpingIndia’s Finance Ministry has approved a definitive anti-dumping duty on Styrene Butadiene Rubber (SBR) of 1500 and 1700 series imported from the Thailand, South Korea, and the European Union (EU).

The duty will be imposed for five years, unless revoked earlier.

The domestic tyre industry is a significant consumer of SBR 1500 and 1700 series. SBR is the largest volume of synthetic rubber produced and consumed globally.

The petition seeking anti-dumping duty on SBR 1500 and 1700 series was filed by Indian Synthetic Rubber Private Ltd (ISRPL) and Reliance Industries Ltd.

ISRPL is a joint venture company, jointly promoted by Indian Oil Corporation; TSRC, Taiwan and Marubeni Corporation, Japan.

Based on the recommendations of the Designated Authority in the Commerce Ministry in its final findings, the Revenue Department has imposed definitive anti-dumping duty that ranged from US$28 per tonne to US$266 per tonne, depending on the producer and country of export.

Commenting on the development, Rajiv Budhraja, Director-General of Automotive Tyre Manufacturers’ Association, said this move will definitely have cost implications for the domestic tyre industry.

Besides the issue of domestic availability, there are aspects of competitiveness of industry as also the additional cost that would play out for the domestic tyre industry in the wake of latest anti-dumping duty levy, he said. In the case of SBR produced by Kumho Petrochemical Co Ltd, South Korea, the Revenue Department has imposed anti-dumping duty of US$33.95 per tonne.

For SBR produced by LG Chem Ltd, South Korea, the anti-dumping duty has been pegged at US$28.68 per tonne. For all other producers from South Korea, the duty would be US$64 per tonne.

In the case of SBR imports from Thailand, the dumping duty has been pegged at US$243.60 per tonne.