the Commerce Department on Wednesday announced the beginning of new investigations on antidumping duties (AD) and countervailing duties (CVD) to determine whether the supplied forged steel fittings from India and Korea to the United States, and to ascertain whether the manufacturers in India "unfair subsidies".
These investigations were initiated on the basis of petitions filed by the Corporation Bonney Forge (Mount Union, PA) and the United workers Union steel, paper and forestry, rubber, manufacturing, energy, allied industries and services.
Estimated dumping margin ranges from 45,31 to 198,38 percent for Korea and from 52,48 to 293,40 for India.
In India declared 45 of subsidy programmes, including the statement that the government of India provides export subsidies as well as subsidized financing, land, steel and other raw materials.
If the Ministry makes positive findings in the course of these investigations, and if the international trade Commission USA (ITC) determines that the dumped and / or unfairly subsidized imports in the United States forged fittings from India and / or Korea to the detriment of U.S. industry, the Department will impose duties on these imports in the amount of dumping and / or unfair subsidies, which bUdut detected.
In 2018, the import of fittings of forged steel from India and Korea was estimated at 92.6 million and US $ 67.6 million U.S. dollars, respectively.
