Graphite India (GRPH.NS) drops after US sets preliminary anti-dumping duty on electrodes
Graphite India shares fall as much as 2.69% to 780 rupees after the US sets a preliminary dumping margin of 12.22% on its large-diameter graphite electrode exports, with importers to deposit duties at a 9.88% rate after subsidy adjustment. ICICI Securities estimates the proposed anti-dumping duty plus the existing 3.68% countervailing duty would bring the combined US duty burden to 13.56%.
S. 22% on exports of large-diameter graphite electrodes. 88% rate after adjustment for subsidies. S.
56%. S. is a relatively higher-margin market and higher duties could reduce the company's export competitiveness. S.
investigations and Graphite India's ability to pass the additional duty burden on to customers. The company said the financial impact cannot be determined at this stage. 27% year to date.