Whalesbook
India has removed restrictions on the import of low-ash metallurgical coke, a key input for industries like steel manufacturing. The Directorate General of Foreign Trade (DGFT) issued a notification on January 3 stating that imports of this coke, defined as having an ash content below 18%, including coke fines and ultra-low phosphorous variants, are now free.
This policy shift comes as a direct consequence of the Ministry of Finance accepting the imposition of an anti-dumping duty on the commodity. The government had initially extended import restrictions on this specific type of coke from January 1, 2024, to June 30, 2026. However, this extension was predicated on the non-application of anti-dumping measures.
Policy Reversal
The reversal of the earlier extended restriction highlights the government's evolving approach to managing commodity imports. The earlier decision to extend curbs was based on concerns over domestic supply and pricing in the absence of protective duties. With the anti-dumping duty now in place, the government appears to believe it can safeguard domestic producers while allowing controlled imports.
Anti-Dumping Measure
India has levied a provisional anti-dumping duty on low-ash metallurgical coke imports. This duty ranges between USD 60.87 and USD 130.66 per tonne. This measure is typically implemented to prevent foreign suppliers from selling products in India at unfairly low prices, which could harm domestic industries. The DGFT's notification signals a calibrated approach to ensure fair trade practices.