Washington: The US Department of Commerce on Monday said that imports of steel threaded rod from India have been dumped and subsidised.
Such a determination by the Commerce Department paves the way for imposing anti-dumping duty by the United States in Indian steel threaded rod by International Trade Commission ? an independent quasi-judicial federal agency in August.
In 2013, imports of steel threaded rod from India were valued at an estimated USD 19 million.
"Commerce determined that imports of steel threaded rod from India have been sold in the United States at dumping margins ranging from 16.74 to 119.87 percent.
Commerce also determined that imports of steel threaded rod from India have received countervailable subsidies ranging from 8.61 to 39.46 percent," an official statement said.
In the anti-dumping investigation, mandatory respondents Mangal Steel Enterprises Limited and Babu Exports received final dumping margins of 16.74 percent and 119.87 percent, respectively.
Babu Exports' margin is based on adverse facts available because it failed to respond to Commerce's questionnaire.
All other producers/exporters in India received a final dumping margin of 16.74 percent, the Department of
Commerce said.
In the countervailing duty investigation, mandatory respondents Mangal Steel Enterprises Limited and Babu Exports received final subsidy rates of 8.61 percent and 39.46 percent, respectively.
Babu Exports' subsidy rate is based on adverse facts available because it failed to respond to Commerce's questionnaire.
All other producers/exporters in India have been assigned a final subsidy rate of 8.61 percent, it said.
