US imposes preliminary 6.99% countervailing duty on HEG graphite electrode exports

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HEG · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹653.00

prior close

₹656.65

announcement price

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Nifty Smallcap 250market-0.5%-0.0% vs market

Electrodes & Refractories peers, median of 10sector-0.5%+0.0% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and in line with its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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AI summary

HEG Limited disclosed that the U.S. Department of Commerce issued a preliminary affirmative countervailing duty (CVD) determination on Indian graphite electrode imports. A 6.99% preliminary CVD rate has been set for HEG, potentially requiring cash deposits on US shipments. This is preliminary and subject to verification. Final determination is due December 8, 2026. HEG says financial impact is not yet ascertainable.

Likely market impact

Short-term margin pressure on HEG's US graphite electrode exports from the 6.99% preliminary duty. Final duty pending December 8, 2026; financial impact unclear.