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US DoC starts anti dumping probe on imports of steel propane cylinders from China, Taiwan, and Thailand and CVD probe on China

Steel News - Published on Thu, 14 Jun 2018

Image Source: investopedia.com
The US Department of Commerce announced the initiation of new antidumping duty (AD) investigations to determine whether steel propane cylinders from China, Taiwan, and Thailand are being dumped in the United States, and a new countervailing duty investigation to determine if producers in China are receiving unfair subsidies.

These AD and CVD investigations were initiated based on petitions filed by Worthington Industries (Columbus, OH) and Manchester Tank & Equipment Co. (Franklin, TN) on May 22, 2018.

The alleged dumping margins are: China from 55.41 to 108.60 percent, Taiwan from 27.19 to 66.20 percent, and Thailand 47.67 to 122.48 percent.

There are 18 alleged subsidy programs for China (two loan programs, three export credit/guarantee programs, five tax programs, three provision of goods for less than adequate remuneration programs, and five grant programs).

In the AD investigations, Commerce will determine whether imports of steel propane cylinders from China, Taiwan, and Thailand, are being dumped in the U.S. market at less than fair value.

In the CVD investigation, Commerce will determine whether Chinese producers of steel propane cylinders are receiving unfair government subsidies.

If Commerce makes affirmative findings in these investigations, and if the United States International Trade Commission (ITC) determines that dumped and/or unfairly subsidized U.S. imports of steel propane cylinders from China, Taiwan, and/or Thailand are causing injury to the U.S. industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.

In 2017, imports of steel propane cylinders from China, Taiwan, and Thailand were valued at an estimated $89.8 million, $10.1 million, and $14.1 million, respectively.

Source :

Posted By : Rabi Wangkhem on Thu, 14 Jun 2018
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