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News » US » New anti-dumping investigation begins and another concludes » published 12 Sep 2017

New anti-dumping investigation begins and another concludes

The US Department of Commerce has begun new investigations into imports of stainless steel flanges from China and India and issued preliminary findings in a separate case involving steel wire rod.

Gerdau Ameristeel US is one of the petitioners in the wire rod case Above: Gerdau Ameristeel US is one of the petitioners in the wire rod case

The antidumping duty (AD) and countervailing duty (CVD) investigations are to determine whether the imports are being dumped in the United States, and whether producers in other countries are receiving alleged unfair subsidies.

“The Department will act swiftly, while assuring a full and fair assessment of the facts, to ensure that everyone trades on a level playing field,” said secretary of commerce Wilbur Ross.

The Commerce Department has reported its preliminary antidumping duty determinations on carbon and alloy steel wire rod from Belarus, Russia, and the United Arab Emirates. The Department determined that exporters from Russia have sold carbon and alloy steel wire rod in the United States at 436.80% to 756.93% less than fair value based on factual evidence provided by the interested parties. It determined that exporters from Belarus have sold carbon and alloy steel wire rod in the United States at 280.02%. The Department determined that exporters from the UAE have sold carbon and alloy steel wire rod in the United States at 84.10% less than fair value based on factual evidence provided by the interested parties.

The Department of Commerce said that it based these rates on adverse facts available due to the failure by the Belarusian, Russian and UAE companies to respond to requests for information. Since the companies under investigation did not provide information, the Commerce Department relied on the information provided in the US industry’s petitions. Commerce will instruct US Customs & Border Protection (CBP) to collect cash deposits from importers of carbon and alloy steel wire rod from Belarus, Russia, and the UAE based on these preliminary rates. In 2016, imports of carbon and alloy steel wire rod from Belarus, Russia, and the UAE were valued at an estimated US$10.4m, US$32.3m and US$7m, respectively.

The petitions were filed on behalf of Gerdau Ameristeel US of Tampa, Florida, Nucor Corporation (Charlotte, North Carolina), Keystone Consolidated Industries (Dallas, Texas), and Charter Steel (Saukville, Wisconsin).

The AD and CVD investigations into flange imports from China and India were initiated based on petitions filed by the Coalition of American Flange Producers and its individual members: Core Pipe Products of Carol Stream, Illinois and Maass Flange Corporation of Houston, Texas. The estimated dumping margins alleged by the petitioners range from 99.23% to 257.11% and 78.49% to 145.25% for China and India, respectively. 

In the AD investigation, the Commerce Department will determine whether imports of stainless steel flanges from China and India are being dumped in the US market at less than fair value.  In the CVD investigations, the Commerce Department will determine whether Chinese and Indian producers of stainless steel flanges are receiving unfair government subsidies. If this is found to be the case, the Commerce Department said that it will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist. In 2016, imports of stainless steel flanges from China and India were valued at an estimated US$16.3m and US$32.1m, respectively.

 

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This article was published on 12 Sep 2017 (last updated on 12 Sep 2017).

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