The Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke ( Met Coke ) into India . This probe has been triggered after complaints from BLA Private Limited, Jindal Coke Limited, Saurashtra Fuels Private Limited Vedanta Malco Energy Limited, and Visa Coke Limited.According to a DGTR notice, the applicants have alleged that there has been a ‘sudden, sharp, significant, and recent’ increase in volume of low ash metallurgical coke imports in India. This has started causing serious injury to domestic industry and is posing a threat of further aggravated injury. The applicants have alleged that coal prices rose globally due to sanctions imposed by various countries on imports from Russia. This allowed these countries to export Met Coke at a lower rate and injure India’s domestic industry.

Source: Daily Nation July 06, 2023 22:40 UTC