India Increases Anti-Dumping Tariffs on STS Welded Pipes 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.

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, the government is set to impose anti-dumping duties.

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.

However, these duties do not apply to Vietnam’s Sonha SSP Vietnam Sole Member Company Limited, Steel 568 Co., Ltd, and Thailand’s I Stainless Steel Co. Ltd., which have been granted exemptions.

Initiated in September 2023, this investigation 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.