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The government has initiated an anti-dumping investigation into imports of Cold Rolled Grain

ICICIdirect Research 24 Jun 2026 DISCLAIMER

News: As per media sources, the government has initiated an anti-dumping investigation into imports of Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal from China, Japan, Korea, and Russia. 

View: The development is sentimentally positive for JSW Steel, as its JV with JFE Steel is undertaking a significant expansion in the CRGO steel segment. The company plans to increase CRGO capacity to ~350,000 TPA by FY28 through a cumulative investment of ₹5,845 crore across its Nashik and Vijayanagar facilities. Any anti-dumping duty, if imposed, could help curb low-priced imports, improve pricing prospects in the domestic market, and support better realisations for domestic producers. The move is also timely given the strong growth in transformer demand driven by investments in power transmission, distribution, and renewable energy infrastructure.

Impact: Positive

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