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The US initiates new anti-dumping duty, countervailing investigations

Nov 15,2019

 

The United States has announced the initiation of new anti-dumping duty and countervailing duty investigations to determine whether forged steel fittings from India and South Korea are being dumped in the country and to find if producers in India are receiving unfair subsidies.

 

The Department of Commerce said these investigations were initiated based on petitions filed by Bonney Forge Corporation (Mount Union, PA) and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial, and Service Workers International Union.

 

The Department of Commerce said dumping margins range from 45.31 percent to 198.38 percent for Korea and 52.48 percent to 293.40 percent for India.

 

According to the Department of Commerce, there are 45 subsidy programs alleged for India, including allegations that the Indian Government provides export subsidies, as well as subsidized financing, land, steel, and other raw materials.

 

If the United States commerce department makes affirmative findings in these investigations, and if the United States International Trade Commission determines that dumped and/or unfairly subsidized United States imports of forged steel fittings from India and/or Korea are causing injury to the United States industry, the department will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.

 

In 2018, imports of forged steel fittings from India and South Korea were valued at an estimated US Dollars 92.6 million and US Dollars 67.6 million, respectively.

 

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