Chesterton Tribune

 

 

Commerce Department finds Chinese and Indian threaded rod imports were subsidized

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The U.S. Department of Commerce (DOC) is announcing affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of carbon and alloy steel threaded rod from China and India.

DOC found that exporters received countervailable subsidies ranging from 23.41 to 24.89 percent and 6.07 to 155.03 percent respectively.

Based on these preliminary determinations, DOC will instruct U.S. Customs and Border Protection to collect cash deposits from importers of carbon and alloy steel threaded rod from China and India based on these preliminary rates.

In 2018, imports of carbon and alloy steel threaded rod from China and India were valued at an estimated $104.7 million and $35.8 million respectively, DOC said.

The petitioner is Vulcan Threaded Products Inc. of Pelham, Ala.

DOC is currently scheduled to announce its final CVD determinations on or about Dec. 4.

If DOC makes affirmative final determinations, the U.S. International Trade Commission (ITC) will be scheduled to make its final injury determinations on or about Jan. 17, 2020. If Commerce makes affirmative final determinations in these investigations, and the ITC makes affirmative final injury determinations, DOC will issue CVD orders. If DOC makes negative final determinations, or the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.

 

Posted 7/24/2019

 
 
 
 

 

 

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