Thursday 9 December 2021

American Precoat Opens First-of-Its-Kind Automotive-Grade Electro Galvanized Steel Plant in India, running Full-throttle endorsing ‘Vocal for Local’

In what could be described only as a game-changing, strategic development in the steel industry of the country, American Precoat Specialty Pvt. Ltd. has set up its continuous Electro-Galvanized Steel plant in India at Valsad, Gujarat.

What makes the move all the more alluring for the Indian automobile industry is that the plant is developing and manufacturing automotive-grade EG Steel. It is the first of its kind from the company in India, an economy that spends millions of dollars every year importing EG Steel from suppliers such as South Korea, China, and Taiwan to meet the requirements of its local automobile industries.
American Precoat ensures that the market’s need for the automotive-grade EG Steel will be met with a focus on the idea of ‘Vocal for Local’.
Speaking to our special correspondent, Dr Shubh Gautam, the Promoter and Chief Technical Architect of American Precoat Specialty, said, “American Precoat makes an absolute substitute of the imported steel and stands tall with its head held high as a landmark to refrain our nation’s exchequer to be loaded with millions of dollars, to import the EG still from outside the territory of our country.”
He also spoke about the need to make the steel industry in India self-sufficient. “What we are doing is a mass example to promote the idea of ‘Make in India”, he added.
What Shubh Gautam brings with him is a long-term vision for the country’s automobile manufacturing industry, which even now depends on steel imports.
With American Precoat’s EG Steel plant in India, Mr, Gautam aims to change that for good.
A multi-faceted entity, American Precoat serves customers around the globe with products ranging from special steel, polymer blend alloys, and coil coatings, to specialty coatings among a gamut of other products.



Source:

https://www.aninews.in/news/business/business/american-precoat-opens-first-of-its-kind-automotive-grade-electro-galvanized-steel-plant-in-india20211209121923/


https://english.lokmat.com/business/american-precoat-opens-first-of-its-kind-automotive-grade-electro-galvanized-steel-plant-in-india/

 

Monday 6 December 2021

American Precoat Speciality’s Shubh Gautam helps start probe in Electro-Galvanised Steel dumping

The probe by India was initiated based on a written application by American Precoat Speciality Pvt. Ltd., led by its promoter and Chief Technical Architect Dr. Shubh Gautam.

 

India has initiated an alleged probe into the dumping of Electro-Galvanised Steel on the basis of a written application by American Precoat Speciality Pvt. Ltd., led by its promoter and Chief Technical Architect Dr. Shubh Gautam. The probe acts as a catalyst in bringing about changes and stopping countries like Singapore; Korea and Japan from using India as their dumping station. The information was shared on the DGTR website.

Dr. Shubh Gautam follows on the path shown by our Honourable Prime Minister Narendra Modi. The initiative of “Vocal for local” has brought about significant transformations in making our nation a self-sufficient one. The idea is not just to be “Made in India” but also to promote the local manufacturing to provide them an equilateral platform vis-à-vis an international manufacturer.

For a company that exports a products at a subsidised pricing, the price it usually charges in its domestic periphery, is said to be “Dumping” the product. To prevent and forbid  nations from this dumping process on their neighbouring areas, the World trade Organization has imposed duties that act as a counter measure to such actions.

This duty works as a protectionist tariff that any governing authority of any particular nation, after a thorough investigation, shall impose on its foreign imports in order to determine fair market prices for international business transactions. This duty aims to ensure balanced trade, and queues in providing a just ground to all domestic manufacturers, despite the flow from foreign manufacturers and exporters.