India Targets Stainless Steel Welded Pipe Imports from Vietnam and Thailand
Completing its anti-dumping inquiry, the Indian government has targeted stainless steel (STS) welded pipes imported from Vietnam and Thailand, reflecting a tightening of trade regulations among Asian countries known for low-cost stainless steel production.
India Imposes Anti-Dumping Tariffs on STS Welded Pipes
In early August, the Directorate General of Trade Remedies (DGTR) in India revealed that unfair pricing of STS welded pipes from these nations has adversely affected the local industry. As a result, due to increasing concerns from domestic manufacturers, the government will impose anti-dumping duties on STS welded pipes from Vietnam and Thailand. Consequently, importers may need to adjust sourcing strategies to comply with the new regulations.
The final duties established by the DGTR are $307.79 per ton for all manufacturers of STS welded pipes from Vietnam and $246.49 per ton for those from Thailand.
Exemptions for Certain Companies
The DGTR has set final anti-dumping duties at $307.79 per ton for Vietnamese manufacturers and $246.49 per ton for Thai producers.
Investigation Sparked by Local Industry Concerns
Initiated in September 2023, this investigation into India anti-dumping tariffs on STS welded pipes followed a petition from the Indian Stainless Steel Pipe & Tube Manufacturers Association, with formal proceedings beginning in October. At that time, Jindal Steel, a significant player in the domestic stainless steel market, urged the government to protect local industries, pointing out a dramatic 300% increase in imports from China over the past three years, along with a substantial rise in imports from other neighboring countries.
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