Financial Daily from THE HINDU group of publications
Wednesday, Jun 16, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Coke & Metalurgical Coke


Govt withdraws dumping duty on metcoke

Our Bureau

New Delhi , June 15

THE Government has withdrawn the anti-dumping duty on metcoke imported by Indian companies from Japan. In November last year, the Government had imposed an anti-dumping duty on metcoke imports from Japan.

Metcoke carried a duty equivalent to the difference between the landed price per tonne of the fuel and $118.44 fixed by the Government.

India annually imports around 4-5 lakh tonnes of metcoke. It is mainly used by the pig iron makers and serves mainly as the raw material for the foundry industry.

The major steel manufacturers use coking coal. Large pig iron manufacturers who are big consumers of metcoke include companies like Tata Metalliks, Satbahana Ispat, Kalinga Iron, Neco Steel and Nilachal Ispat.

A number of electric arc furnace units and induction furnace units also use metcoke.

Meanwhile, pig iron prices too have fallen substantially during the past few weeks.

Market sources said that in the spot market, pig iron rates have come down from around Rs 25,000 to around Rs 19,000.

On the other hand, industry sources said, there is some increase in export enquiries for iron ore over the last one week.

More Stories on : Coke & Metalurgical Coke | Anti-dumping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Union Budget to be presented on July 8


12th Finance Commission term extended
Activists vow to keep Coke plant shutters down
Kochi Corpn to set up 100-t waste plant
`Vehicle emissions largest source of lead exposure'
Kochi Corporation plan to protect coastal areas
World Bank allots $950 million for health schemes
`Central PSEs major contributors to economic growth'
Petrol dearer by Rs 2, LPG Rs 20 — Diesel price up Re 1; kerosene untouched
Reliance plans to invest $1.3 b in Krishna Godavari gas field
Tata Power gets trading licence
Call for dilution of inter-State criteria for mega power status
Paswan promises revival of SAIL's alloy steel plant
Textile and apparel sector — `Revival of supply chain key to be competitive in post-quota regime'
Large textile players seek status quo on Cenvat chain — Vaghela to meet Chidambaram
Indo-French workshop on groundwater dynamics in Hyderabad
Coal prices hiked 16.7 pc
CIL setting up subsidiary for global operations
Education fairs in East Africa to lure foreign students
CLE plans road shows in 3 European countries to promote leather exports
FAPCCI office-bearers
Plea for passport office in Mangalore
AEPC fashion show in US cities nets Rs 100-cr orders
Udupi engineering students develop driverless car
Govt withdraws dumping duty on metcoke
Kerala Govt revises ice factory workers' wages
In Thiruvananthapuram today
Sensitive items import up 23%
EPCs to aim for 15 pc export growth
'Allow exporters to get payments in rupees'
Bengal's share in exports to go up to 9 pc
Review food adulteration Act: Chamber
Anti-Enron activist Pradyumna Kaul dead
KSEB PG Engineers Assn office-bearers elected



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line