9,420.42 TRY BIST 100 BIST 100
4.77 CNY CNY CNY
34.42 USD USD USD
36.52 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.75 TRY Interest Interest
71.81 USD Fossil Oil Fossil Oil
30.38 USD Silver Silver
4.10 USD Copper Copper
101.29 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,835.93 TRY Gold (gr) Gold (gr)

India imposes AD duty on welded pipes from Vietnam and Thailand

India has imposed a five-year AD duty on stainless steel welded pipes and tubes imported from Vietnam and Thailand for five years.

India imposes AD duty on welded pipes from Vietnam and Thailand

The Indian government has imposed a five-year anti-dumping duty on imports of welded stainless steel pipes and tubes from Vietnam and Thailand. The duties range between USD 246-307 per ton, depending on the manufacturer and the country of origin.

The investigation, which examined import data from April 2022 to March 2023, concluded that these products were being imported at prices below fair market value, causing significant injury to the domestic industry.

For imports from Thailand, a duty of USD 246 per ton will be applied, excluding products from I Stainless Steel Co Ltd. In Vietnam's case, a USD 307 per ton duty will be imposed, with exceptions for producers Sonha SSP and Steel 568 Co.

The anti-dumping investigation was initiated following complaints from the Delhi-based Stainless Steel Pipe and Tubes Manufacturer Association and the Stainless Steel Pipe & Tubes Manufacturers Association of Gujarat. Around 40 domestic producers, representing roughly half of India’s stainless steel pipes and tube production, provided relevant data for the inquiry.

In response to the investigation, foreign producers argued that the imported products were certified under the American Society of Mechanical Engineers: Bioprocessing Equipment (ASME-BPE) standards, which they claimed were not produced in India. They requested these specific imports be excluded from the anti-dumping scope.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Poland's industry affected by high energy prices

Thursday, November 14, 2024

BSRM Steels to launch new steel plant in 2025

Thursday, November 14, 2024

Vietnam’s steel and coal imports surge in October

Thursday, November 14, 2024

Vale and ROGESA sign strategic pellet supply agreement to advance sustainable steel production

Thursday, November 14, 2024

India breaks record in finished steel imports, shows signs of recovery in steel exports

Thursday, November 14, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now