Synalloy Corporation, a South Carolina-based producer of stainless steel pipe, fiberglass and steel storage tanks and specialty chemicals and distributor of seamless carbon pipe and tube, announced Wednesday that its subsidiary Bristol Metals, LLC, joined by co-petitioners Felker Brothers Corp., Outokumpu Stainless Pipe, Inc., and Marcegaglia USA, petitioned the Department of Commerce (DOC) and the US International Trade Commission (ITC) to apply antidumping and countervailing duties to imports of welded stainless pressure pipe from India.
In a statement, the company said that “imports of welded stainless pressure pipe from India have increased at an unbelievable rate over the past three years at prices well below market prices in the United States. These unfairly traded imports have hurt the domestic industry's sales volumes, pricing and profits.”
Between 2012 and 2014 imports from India of welded stainless pressure pipe increased by 4,306 percent from 281 to 12,101 tons, according to the statement, and imports in the first half of 2015 are on pace to exceed those of 2014. “Bristol Metals is pleased that our domestic competitors have joined with us to help combat unfairly dumped and subsidized imports,” the company said.
The petitions allege that Indian welded stainless pressure pipe is dumped in the United States at the rate of 27.39 percent ad valorem. The petitions also allege more than 15 countervailable subsidy programs to be investigated by the DOC, many of which are prohibited under the relevant World Trade Organization agreements.