India imposed anti-dumping duty on certain steel pipes and tubes from Vietnam and Thailand. The duty will last for five years. The government acted on a complaint by Indian steel producers. The producers said that Vietnamese and Thai companies were selling these products at very low prices in India. This hurt their business. The duty ranges from $246 to $307 per metric tonne.

The government on Tuesday imposed anti-dumping duty on welded stainless steel pipes and tubes imported from Vietnam and Thailand, accepting recommendations of the Directorate General of Trade Remedies (DGTR).

The duty, imposed for five years, varies from $246-307 per metric tonne, depending on the producer and country of origin.

It comes after the DGTR concluded that welded stainless steel pipes and tubes had been exported to India from these countries "at dumped prices and the domestic industry has suffered injury" on account of these imports. The probe covered imports between April 2022 and March 2023.

For steel producers in Thailand, except I Stainless Steel Co Ltd, a $246 per metric tonne duty has been slapped, while for Vietnamese steel producers, except Sonha SSP and Steel 568 Co., a $307 per metric tonne duty has been imposed.

The DGTR had initiated an anti-dumping probe on a complaint by the Delhi-based Stainless Steel Pipe and Tubes Manufacturer Association and the Stainless Steel Pipe & Tubes Manufacturers Association, Gujarat.

About 40 domestic producers, accounting for half of the stainless steel and pipes production in India, submitted data for the probe.

The foreign steel producers said that the products under investigation were the American Society of Mechanical Engineers: Bioprocessing Equipment (ASME-BPE) certified and unavailable in India and, therefore, should be excluded from the scope of the investigation.

Source: Economic Times