The Indian government has finalized its anti-dumping investigation on stainless steel (STS) welded pipes from Vietnam and Thailand, marking a tightening of trade measures among Asian countries known for low-cost stainless steel production.
Earlier this month, India's Directorate General of Trade Remedies (DGTR) confirmed that STS welded pipes from Vietnam and Thailand are being sold in India at unfair prices, causing harm to the local industry. As a result, anti-dumping duties will be imposed.
DGTR has set the final anti-dumping duties at $307.79 per ton for all STS welded pipe manufacturers from Vietnam and $246.49 per ton for those from Thailand.
However, Vietnam's Sonha SSP Vietnam Sole Member Company Limited, Steel 568 Co., Ltd, and Thailand's I Stainless Steel Co Ltd. were exempted from these duties.
This investigation began in September 2023 following a petition from the Indian Stainless Steel Pipe & Tube Manufacturers Association, with the formal investigation starting in October of the same year. At the time, Jindal Steel, a major local stainless steel producer, urged the government to protect domestic industries, citing a more than 300% increase in imports from China over the past three years and a significant rise in imports from other neighboring countries.
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