Tyre Producers in India look for Other Suppliers of Styrene Butadiene Rubber Pending Anti Dumping Duties

The possibility of an impose of heavy anti-dumping duties (ADDs) by the Indian government on styrene butadiene rubber (SBR) from major suppliers from Europe, South Korea and Thailand have forced the tyre makers in India to look for other import sources. The tyre producers feel that they have the flexibility of importing from other countries such as US, Japan, Indonesia, Taiwan and China. On the basis of a petition filed by Indian SBR producers Indian Synthetic Rubber Ltd (ISRL) and Reliance Industries Ltd. (RIL), the Department of Commerce, Government of India, issued a notification in January this year to initiate the ADD investigation on the suppliers from Europe, South Korea and Thailand. The investigation will look into the SBR 1500 and SBR 1700 series originating in or exported from these countries. ISRL and RIL started production of SBR two years ago and dominate the Indian industry for the production of SBR. The two companies have expressed their concern on the dumping of SBR by the countries under consideration, which is detrimental to the growth of the industry in India. They furnished information in support to their case for the period for which commercial production had commenced and also with regard to their potential performance on the basis of projections. The analysis of the vital parameters prima facie show that the applicants have suffered on account of the retarding effect of dumping of SBR from the concerned countries.

Read Full New At: http://www.researz.com/tyre-producers-india-look-suppliers-sbr-pending-adds

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