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US DoC Opens AD and CVD Probe on Imports of Forged Steel Fittings from India and Korea

Steel News - Published on Tue, 19 Nov 2019

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The US Department of Commerce has announced the initiation of new antidumping duty and countervailing duty investigations to determine whether forged steel fittings from India and Korea are being dumped in the United States and to find if producers in India are receiving unfair subsidies. The alleged dumping margins range from 45.31 to 198.38 percent for Korea and 52.48 to 293.40 for India. 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.

If Commerce makes affirmative findings in these investigations, and if the US International Trade Commission determines that dumped and/or unfairly subsidized US imports of forged steel fittings from India and/or Korea 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 forged steel fittings from India and Korea were valued at an estimated USD 92.6 million and USD 67.6 million, respectively.

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Posted By : Rabi Wangkhem on Tue, 19 Nov 2019
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