Delhi – The Indian government has imposed anti-dumping duties against styrene butadiene rubber (SBR) imported from Europe, South Korea and Thailand.
In a 12 July report, Indian ministry of commerce & industry department of commerce announced that its investigations into SBR 1500 and SBR 1700 series products had established that there was dumping of product concerned from the subject countries and that the dumped imports were suppressing domestic prices.
Highest duties were imposed on European imports, including ESBR supplied by Synthos Kralupy A.S., Czech Republic and Synthos Dwory 7 Sp. Z. Oo, Poland which would face a tariff of $207.49 per tonne.
Other EU suppliers also face a duty of $266/tonne.
According to the report, among the European companies that were investigated for anti-dumping duties were Versalis SpA, Lanxess AG, Styron LLC and Trinseo Pvt. Ltd.
South Korean companies, for which India is the second SBR export market, will also face anti-dumping duties, albeit at lower rates.
The Indian government has imposed a rate of $33.95/tonne in duties for synthetic rubber imported from Kumho Petrochemical, while LG Chem will pay a tariff of $28.68/tonne. For other Korean companies, the Indian ministry has levied an anti-dumping duty of $64/tonne.
Thai SBR suppliers will face tariffs of $243.6 per tonne.
According to the report, the suppliers can appeal the findings.