Bi-metallic corrosion resistant steel pipes were produced through explosive welding process. The weldability window of the stainless steel pipe (inner pipe) and the carbon steel pipe (outer pipe) was determined by the use of available semi-empirical relations. The impact velocity of the pipes as the most important collision parameter was calculated by the finite element simulation. Direct effect of the explosive mass reduction on the bonding interface of the pipes was studied. Optical microscopy study showed that a transition from a wavy interface to a smooth one occurs with decrease in explosive load.