Is “Dumping” a Scrabble word?

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Yes
DUMPING
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Valid

Meaning of Dumping

/ˈdʌmpɪŋ/

verb
  1. 1.To release, especially in large quantities and chaotic manner.

  2. 2.To discard; to get rid of something one does not want anymore.

  3. 3.To sell below cost or very cheaply; to engage in dumping.

noun
  1. 1.The disposal of something no longer needed, or of no value.

  2. 2.Selling goods at less than their normal price, especially in the export market as a means of securing a monopoly.