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US DoC starts AD & CVD probe on carbon and alloy steel threaded rod from China, India, Taiwan, and Thailand

Steel News - Published on Mon, 25 Mar 2019

Image Source: China Law Blog
The US Department of Commerce announced the initiation of new antidumping duty and countervailing duty investigations to determine if carbon and alloy steel threaded rod from China, India, Taiwan, and Thailand is being sold in the United States at less than fair value, while also finding whether producers of carbon and alloy steel threaded rod in China and India are receiving unfair subsidies. These antidumping and countervailing duty investigations were initiated based on petitions filed by Vulcan Threaded Products Inc (Pelham, AL) on February 21, 2019. The alleged dumping margins are
China – 57.36 to 59.45%
India – 25.43 to 28.34%
Taiwan – 32.26%
Thailand – 20.83%

There are 21 subsidy programs alleged for China, including policy loans, export buyer’s credits, and the provision of electricity for less than adequate remuneration. Additionally, there are 52 subsidy programs alleged for India, including duty drawback, loan guarantees, and a duty free import authorization scheme.

If Commerce makes an affirmative finding in these investigations, and if the US International Trade Commission determines that dumped and/or unfairly subsidized US imports of carbon and alloy steel threaded rod from China, India, Taiwan, and/or Thailand, are causing injury to the US industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.

In 2018, imports of carbon and alloy steel threaded rod from China, India, Taiwan, and Thailand were valued at an estimated USD 104.7 million, USD 35.8 million, USD 51.1 million and USD 5.8 million, respectively.

Source :

Posted By : Rabi Wangkhem on Mon, 25 Mar 2019
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