India imposes anti-dumping duty on China-origin seamless pipe
India has imposed a provisional anti-dumping duty on some seamless pipe imports from China. This amounts to the difference between the landed value of the subject products and $961.33-1,610.67/tonne, provided the landed value is less.
The move follows a recommendation made by the Directorate General of Anti-Dumping and Allied Duties, or DGAD (see Kallanish 6 April). The products in question are carbon steel seamless pipe below 355.6mm in outside diameter. A full list of product specifications and Chinese exporters affected can be found on DGAD’s website.
The tariff will be effective for up to 6 months and be paid in Indian currency. It encompasses product made in China but exported to India from other countries of origin, as well as those made in other countries but exported from China.
Indian demand for the products under investigation reached 476,730 tonnes in 2014, while imports of these products from China were at 247,131t. This represented an 84% share of total imports of 295,548t for this product group. Indian production amounted to 266,992t in 2014, meaning imports amounted to 92.6% of domestic output.
Domestic capacity of the products in 2014 was at 815,000 tonnes/year, meaning utilisation was only 32.8%. Domestic sales were 184,182t, meaning domestic mills had a 39% market share, with imports at 61%.
The anti-dumping investigation continues..
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Anonymous
Very good overview of the weekly steel market.
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