Soda ash stocks gain as India probes import surge

DCW

18/03/2026 07:40

** Domestic soda ash makers DCW DCWL.NS and GHCL GHCH.NS rise 2% and 3%, respectively, while Tata Chemicals TTCH.NS trades steady after India's Directorate General of Trade Remedies initiates safeguard investigation into soda ash imports

** Alkali Manufacturers' Association of India on behalf of DCWL, GHCH, TTCH, RSPL and Nirma has filed an application, seeking safeguard investigation and quantitative restrictions on soda ash imports

** Applicants allege that sudden, sharp increase in soda ash imports has hurt domestic producers through lower prices, reduced profits since 2022-23

** Applicants claim imports have mainly increased from the U.S., Turkey and Russia, driven by disruptions from the Russia-Ukraine conflict and weaker demand in Turkey

** Year-to-date, shares of DCW, GHCL, TTCH down 28%, 18%, 14.5%, respectively

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))