Anti-Dumping Levy Fails to Slow Met Coke Imports
What Happened
India's metallurgical (met) coke imports are expected to reach a record 6 million tonnes this fiscal year, up 32% from a year ago, despite the government imposing a five-year anti-dumping duty in July. Industry executives attribute the surge to domestic supply shortages and strong demand from pig iron producers, with imports mainly coming from Indonesia and Poland.
Key Takeaways
The sharp rise shows that domestic coke production is still unable to meet industry demand. Strong export demand for Indian pig iron, especially from the US, and duty exemptions for some exporters are keeping imports attractive despite higher tariffs. Rising met coke and coking coal prices could also increase cost pressures for steelmakers.