Analysts estimate that exports to the US could account for around 5% of the company’s total volumes, potentially limiting the direct impact of the development.
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Shares of Graphite India Ltd. could open under pressure on Wednesday, September 30, after the US Department of Commerce issued a preliminary affirmative determination in an antidumping duty investigation into large-diameter graphite electrodes.
The preliminary dumping margin has been set at 12.22%, with a cash deposit rate of 9.88%. The duties remain subject to a final determination, while the effective date is yet to be notified.
Graphite India said the financial impact of the preliminary determination cannot be ascertained at present.
Analysts estimate that exports to the US could account for around 5% of the company’s total volumes, potentially limiting the direct impact of the development.Graphite India shares ended 0.18% lower at ₹797.55 on Tuesday. The stock is up 23% so far this year.