Following the completion of the anti-dumping investigation launched by Saudi Arabia in July last year, final duties were imposed on imports of cast iron and hollow pipes originating in or exported from India. The duties will be effective from August 4 and remain in effect for five years, covering HS pipes with diameters from 100 mm to 1000 mm, including K9 and Class C specifications up to C40.
An investigation was launched after the complaint, submitted by Saudi Arabian Ductile Iron Pipes Co. and supported by International Ductile Iron Pipes Co. Saudi authorities have determined that the rise in Indian imports and their prices have harmed the domestic industry, affecting local sales, market share and financial performance. Based on these findings, the final rates of anti-dumping duties were set at 16.96-29.94 percent of the Cost based on CIF.
According to the information provided in the announcement, Electrosteel Castings Limited will be charged a duty of 16.96% at a minimum rate of 714 Singapore rials per ton (about 191 US dollars per ton). The same rate will apply to products exported through Electrosteel Bahrain Trading LLC, provided that both companies are clearly identified in the shipping documents. All other Indian producers and exporters will be subject to a duty of 29.94 percent, with a minimum payment of 1,260 Singapore dollars per ton (about 336 dollars per ton).
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