India has imposed tariffs on welded stainless steel pipes and tubes from China and Vietnam for five years effective July 31, the Ministry of Commerce and Industry said late Thursday.
The countervailing duties, which range from 21.74%-29.88% for China and 10.33%-11.96% for Vietnam, resulted from investigations over alleged subsidized production and export of the products.
“The product under consideration has been exported to India from subject countries at subsidized value, thus resulting in subsidization of the product,” the Ministry said adding as a result “the domestic industry has suffered material injury due to subsidization of the product.”
The investigations found that imports of the products from China and Vietnam surged from the financial years 2014-2015 to 2017-2018.
Imports from China surged nearly 10 times to 43,059 mt from 4,411 mt during the period while the same from Vietnam jumped nearly six times to 28,535 mt from 4,980 mt.
The HS codes for the affected welded stainless steel pipes and tubes are: 73064000, 73066100, 73066900, 73061100 and 73062100.
Source: Platts / Hellenic Shipping News