NEW DELHI: The Center imposed anti-dumping duties on seamless stainless steel pipe imports from China for a period of five years to remove the “damage” to the domestic industry. “Anti-dumping duties imposed pursuant to this notice are valid for five years from the date of publication of this notice in the Official Gazette (unless they are withdrawn, replaced or modified earlier) and are payable in Indian currency,” the government said. . Proposed anti-dumping duties on various grades of stainless steel pipe range from $114 to $3,801 per ton. In essence, the tariff is expected to increase the price of such products and prevent their unnecessary use in the market at the expense of domestic producers of similar grades and grades of stainless steel. The General Directorate of Trade Remedies (DGTR) of the Department of Commerce proposed tariffs on imports of seamless and stainless steel pipes from China in September after an investigation concluded the products were being dumped in India, where they sold at lower prices. than in China. prices in the domestic market, which had an impact on the Indian industry. These products are sold as cheaply as the raw materials used to produce them, leaving little room in the market for domestic players. The DGTR investigation began after Chandan Steel Ltd, Tubacex Prakash India Pvt Ltd and Welspun Specialty Solutions Ltd requested an anti-dumping investigation. Indian manufacturers are able to meet domestic demand in this sector. This will not only put spare capacity to work, but will also bring revenue to the treasury, apart from jobs,” said Rajamani Krishnamurthy, Chairman of the Indian Stainless Steel Development Association (ISSDA).
Post time: Aug-10-2023