Saudi Arabian Amiantit Co. announced on August 4, 2026 that the General Authority for Foreign Trade issued a decision on August 3, 2026 to impose final anti-dumping duties for a period of five calendar years, effective August 4, 2026, on imports of cast iron hollow pipes and tubes (ductile iron pipes) under customs item (730300000001) with diameters from 100 mm to 1000 mm originating from or exported by the Republic of India. The duties are set at 16.96% of CIF value (minimum SAR 714 per metric tonne) on imports produced and exported by Electrosteel Castings Limited (ECL India) and those exported by Electrosteel Bahrain Trading WLL, and 29.94% of CIF value (minimum SAR 1,260 per metric tonne) on all other qualifying imports of Indian origin. The complaint was filed by the company's subsidiary, Saudi Arabian Ductile Iron Pipe Manufacturing Company Ltd. (SADIP), which accounts for 85% of local production of the affected products, and the company expects a positive impact on its sales of these products in the coming periods.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.