EU launches probe against India for dumping Cast Iron tubes.

BRUSSELS(WWW.MCXBABA.COM): The European Commission has launched a probe into a complaint filed by French building materials supplier Saint-Gobain against India for dumping cast iron tubes and pipes in the European Market.

Saint-Gobain alleged the market is flooded with cheap iron tubes and pipes from India which are being sold at a below market rate.

In an official notice, the Commission, the EU executive, said it had received a complaint in November that Indian tubes and pipes of “ductile cast iron” were being dumped in the EU and damaging the competitiveness of the European industry, as per media reports.

The complaint was brought by Saint-Gobain units in Britain, Germany and Spain on behalf of producers representing more than three-quarters of the total EU production of these tubes and pipes, the Commission told Reuters.

Under EU rules, the Commission could propose provisional steps within nine months and definitive punitive measures within 15 months of official publication.