India imposes anti-subsidy duty on welded stainless steel pipes imported from China, Vietnam

The Indian government has extended the anti-subsidy duty on welded stainless steel pipes imported from China and Vietnam for another five years, according to an order issued by the Indian Finance Ministry on September 10. The duty was initially imposed in September 2019.

Specifically, India will impose anti-subsidy duties ranging from 12% to 30% on the above steel products imported from Vietnam and China, aiming to protect and promote domestic industries. Anti-subsidy duties (CVD) are usually announced after investigations by the Directorate General of Trade Remedies (DGTR), which conducts these investigations and announces countervailing measures after reviewing evidence and determining that subsidies are causing harm to domestic industries.

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Earlier, on June 15, the Directorate General of Trade Remedies (DGTR) under the Indian Ministry of Commerce affirmed the continued imposition of anti-subsidy measures on these products as they found that removing these duties would harm domestic steel producers in India.

The investigation, which was conducted in response to complaints from industry associations such as the Stainless Steel Pipe and Tube Manufacturers Association and regional groups from South India and Haryana, has revealed that these products are being exported to India at prices below the cost of production due to subsidy, the report said.

In India, welded stainless steel pipes and tubes are widely used in various sectors due to their strength and corrosion resistance. They play an important role in building construction and railings, as well as in automobile exhaust systems and fuel lines.

Source: https://congthuong.vn/an-do-ap-thue-chong-tro-cap-doi-voi-ong-thep-khong-gi-han-nhap-khau-tu-trung-quoc-viet-nam-345387.html