China's Stainless Steel Welded Pipe Exports Were Blocked Again, India Announced A 22.88% Countervailing Duty
According to the Vietnam News Agency reported on August 12, the Ministry of Industry and Trade of the Department of Trade and Defense revealed that India's DGTR recently issued a notice to counter-subsidize a fixed-cut maiden for welding or importing stainless steel pipes from China and Vietnam: Vietnam and China involved The product has subsidies and has caused substantial damage to the Indian domestic industry.
India imposes countervailing duties of 0%-11.96% and 21.74%-22.88% on Vietnamese and Chinese welded stainless steel pipe producers and exporters, respectively. The Indian Trade Relief Agency has recommended a five-year countervailing duty on products in Vietnam and China.
According to the Vietnam Trade Defense Agency, at present, Vietnam Sonha SSP Vietnam Sole Member Company Limited and Steel 568 Co., Ltd. are not subject to countervailing duties in India, and their exports to India account for a higher proportion of Vietnam’s total exports to India.
On August 9, 2018, India initiated a countervailing investigation on welded stainless steel pipes originating in or imported from Vietnam and China. The subsidy survey period is from April 2017 to March 2018 (12 months), and the damage investigation period is 2014-2015, 2015-2016, 2016-2017 and this subsidy survey period.
The case involved products under Indian Customs Codes 73066100, 73062100, 73064000, 73061100 and 73066900.