India has imposed a five-year anti-dumping duty on welded stainless steel pipes and tubes from Vietnam and Thailand to protect domestic manufacturers from unfair trade practices.
In a move aimed at protecting the Indian steel industry from unfair trade practices, the government has imposed an anti-dumping duty on welded stainless steel pipes and tubes imported from Vietnam and Thailand. The Directorate General of Trade Remedies (DGTR) recommended the duty after concluding that these products were being imported at below-market prices, causing material harm to domestic manufacturers. The duty, effective for five years, ranges from $246 to $307 per metric tonne depending on the producer and country of origin.
The investigation, which covered imports between April 2022 and March 2023, was initiated following a complaint by the Stainless Steel Pipe and Tubes Manufacturer Association, Delhi, and the Stainless Steel Pipe & Tubes Manufacturers Association, Gujarat. The DGTR’s probe revealed that the surge in cheap imports was damaging the domestic industry, leading to the imposition of the anti-dumping duty. The duty will apply to all producers in Thailand, except I Stainless Steel Co Ltd, and to Vietnamese producers, excluding Sonha SSP and Steel 568 Co.
The action is seen as a crucial step in safeguarding India’s steel sector, which has been under pressure from low-cost imports, especially from China. This decision is expected to foster fair competition in the market, protect Indian manufacturers, and support the long-term growth of the domestic steel industry by making imported welded stainless steel pipes and tubes more expensive and discouraging dumping practices.
