Phillips Carbon Black - Anti-Dumping Duty, CV Revival Conducive: ICICI Direct
The tread of a newly manufactured tyre is visible at an auto show. (Photographer: Gianluca Colla/Bloomberg)

Phillips Carbon Black - Anti-Dumping Duty, CV Revival Conducive: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

The Commerce Ministry has concluded its study thereby proposing to extend anti-dumping duty on imports of carbon black (used for rubber applications) into India; largely from China and Russia.

The ministry opined that imports without ADD will cause substantial injury to the domestic carbon black industry.

The study proposes to impose a duty of $494 per tonne on carbon black originating from China and $36.2 per tonne on carbon black originating from Russia and other countries.

The said proposal is likely to be approved by the Finance Ministry with final notification expected by December end.

Click on the attachment to read the full report:

ICICI Direct Phillips Carbon Company Update.pdf

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