Posted on 28 Sep 2022
India’s Directorate General of Trade Remedies (DGTR) has recommended a five-year duty extension on stainless steel seamless tubes and pipes originating and exported from China.
DGTR recommends the imposition of the anti-dumping duty equal to the lesser margin of dumping and the margin of injury, to remove injury to the domestic industry. The amount varies from $114-3,191/tonne, depending on grade and manufacturer, Kallanish notes.
“There is dumping of the subject goods from the subject country,” DGT says in its final report. “The dumping margin is positive and significant. The imports are undercutting the price of the domestic industry in the period of investigation (POI). Price undercutting is significant.”
“The domestic industry is unable to sell its products at remunerative prices. The selling price of the domestic industry has remained below its cost of sales. Though the production, capacity utilisation, sales of the domestic industry have increased during the POI, yet the domestic industry is operating at less than the optimum capacity utilisation,” DGTR adds.
In September 2021, India initiated a sunset review of anti-dumping duties on stainless steel seamless tubes and pipes from China (see Kallanish passim). This followed a request from India’s Chandan Steel, Tubacex Prakash India and Welspun Speciality Solutions on behalf of the domestic steel industry.
The products under consideration were stainless steel seamless tubes and pipes. They were of diameter up to and including 6 inches, whether manufactured using a hot extrusion or piercing process and whether sold as hot finished or cold finished pipes and tubes. They also include goods imported in the form of defectives, non-prime, or secondary grades. These fall mainly under Chapter 73 under HS code heading 7304.
The period of investigation (POI) is from 1 April 2020 to 31 March 2021. The injury investigation period for the present investigation will be 2017-18, 2018-19, and 2019-20, in addition to the POI.
Source:Kallanish
