India has initiated an anti-subsidy probe into alleged increased imports of select copper wire rods from Indonesia, Malaysia, Thailand and Vietnam that led to complaints from domestic players that include Hindalco Industries and Vedanta Industries.
A story in Economic Times said that the commerce ministry’s investigating arm, the Directorate General of Trade Remedies (DGTR), has stated that production and exports of continuous cast copper wire rods in these four countries appear to be subsidized. That activity has caused material injury to the domestic industry through their volume and price effects, it said. The authority’s investigation will cover 12 months over 2017-18 as well as data from 2014-17.
The directorate will determine the existence, degree and effect of alleged subsidization. If found necessary, the office will recommend the appropriate amount of countervailing or anti-subsidy duties needed to protect the domestic industry.
In the application filed with the office by Hindalco Industries and Vedanta Industries (Sterlite Copper) on behalf of domestic industry, they claimed that the producers/exporters of the goods in these countries have benefited from the "actionable subsidies" provided at various levels by the governments of these countries, including their different provinces and municipalities, and asked for remedies.
India has already imposed countervailing and anti-dumping duties on various kinds of steel from China.
JSW Steel Limited has signed a contract with Primetals Technologies for a two-strand wire rod mill to be located in Toranagallu, India.
A press release said that Primetals Technologies will supply the complete wire rod mill. That includes all mechanical and electrical equipment for two-strand production from a single-stand roughing mill. Two independent rolling lines will then join at the coil-handling area for further compacting and unloading. Among other Morgan-branded equipment, the mill will include a new design of individually driven pre-finishing mill that eliminates the need for uploopers, a faster cooling nozzle clamping and unclamping method for shorter change
times, the latest generation 6 Morgan high-speed laying head with SR Series pipe technology, and a recently patented stepless reform design.
The contract also includes site supervision and spare parts, the release said. Designed for a guaranteed maximum speed of 115 m per second, the mill will run at 220 tons per hour for an annual capacity of 1.2 mmt. Start-up is scheduled for the end of 2019.
The release said that this represents the third such purchase by JSW Steel from Primetals Technologies, which previously installed a single-strand wire rod mill and a bar mill.
Part of the JSW Group, JSW Steel was founded in 1994 and exports to more than 100 countries on five continents. At its website, JSW notes, “We are India’s largest steel exporter and ship to over a hundred companies across five continents. And we are just warming up.”
India’s Sterlite Tech announced that it plans to add 15 million km to its optical-fiber cabling capacity, raising its total potential production to 33 million fiber km.
A press release said that the expansion for the integrated optical fiber and cable manufacturer will cost about $44 million). The project, to be completed in stages, is expected to come on-line by June 2020. It said that drivers for the initiative include strong market demand for "deep fiberization" for 5G, FTTx and data center connectivity.
"Given exponential data growth, telcos, internet companies and governments around the globe are looking for innovative network solutions for hyper-scale connectivity," said CEO Dr. Anand Agarwal. "Our customers see us as unique design-build-manage partners who are forward integrated from fiber and cable to network design and software solutions. This capacity investment will further deepen our customer engagement as we partner with them for network buildouts."
The company is expanding its solutions portfolio very rapidly. Recently, it announced a 100% acquisition of Metallurgica Bresciana in Italy for cable expansion, while earlier it had announced an expansion of its optical fiber capacity via a Greenfield investment. Sterlite Tech is also actively working on software-defined networks in virtualized environments.