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US DoC Finds Dumping & Countervailable Subsidization of Imports of Steel Wheels from China
US DoC Finds Dumping & Countervailable Subsidization of Imports of Steel Wheels from China
US Department of Commerce announced the affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of certain steel wheels 12 to 16.5 inches in diameter from China, finding that exporters from China have sold certain steel wheels 12 to 16.5 inches in diameter at less than fair value in the United States at rates of 38.27 to 44.35%. In addition, Commerce determined that exporters from China received countervailable subsidies at rates from 386.45 to 388.31%.
In 2017, US imports of certain steel wheels 12 to 16.5 inches in diameter from China were valued at an estimated USD 73.8 million.
The petitioners are Worthington Industries and Manchester Tank & Equipment Co.
The U.S. International Trade Commission is currently scheduled to make its final injury determinations on or about August 15, 2019. If the ITC makes affirmative final injury determinations, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.
Source : Strategic Research Institute, SteelGuru
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