The United States initiates new anti-dumping duties, compensatory investigations
WASHINGTON: The United States has announced the start of new anti-dumping duty and countervailing duty investigations to determine if forged steel fittings from India and South Korea are being dumped in the country and to determine whether Indian producers are receiving unfair treatment subsidies .
These investigations were initiated based on petitions filed by Bonney Forge Corporation (Mount Union, PA) and United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, the Commerce Department said on Wednesday.
The department said the dumping margins range between 45.31 and 198.38 percent for Korea and 52.48 to 293.40 for India.
According to the Department of Commerce, there are 45 subsidy programmes alleged for India, including allegations that the government of India provides export subsidies , as well as subsidised financing, land, steel, and other raw materials.
If the commerce department makes affirmative findings in these investigations, and if the U.S. International Trade Commission UU. determines that it is dumped and/or unfairly subsidized US imports of forged steel fittings from India and/or Korea are causing injury to the US industry, the department will impose duties on those imports in the amount of dumping and/or unfair subsidisation found to exist.
In 2018 imports of forged steel fittings India and South Korea were valued at approximately US $ 92.6 million and US $ 67.6 million, respectively.