US to launch anti-dumping probe against steel flanges from India, Chinaworld Updated: Sep 07, 2017 10:38 IST
Labourers work at a steel plant. In 2016, imports of stainless steel flanges from China and India in US were valued at an estimated $16.3 million and $32.1 million, respectively.(File)
The Trump administration has said it will initiate new anti-dumping and countervailing duty probe to determine whether imports of stainless steel flanges from India and China are being dumped in the US.
These investigations were initiated based on petitions filed by the Coalition of American Flange Producers and its individual members -- Core Pipe Products and Maass Flange Corporation on August 16, according to the commerce department.
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.
“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,” US commerce secretary Wilbur Ross said as he announced initiating of anti-dumping investigations against stainless steel flanges from India and China.
“The Trump administration will defend American workers and businesses with every tool at our disposal,” he said.
The unfair subsidies alleged by the petitioners are estimated to be above de minimis.
In the anti-dumping 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 countervailing duty investigations, the department will determine whether Chinese and Indian producers of stainless steel flanges are receiving unfair government subsidies.
If the department determines that stainless steel flanges from China and India are being dumped into the US market and/or receiving unfair government subsidies, and if the US International Trade Commission (ITC) determines that dumped and/or unfairly subsidised US imports of stainless steel flanges from China and India are causing injury to the US industry, it will impose duties on those imports in the amount of dumping and/or unfair subsidisation found to exist.
In 2016, imports of stainless steel flanges from China and India were valued at an estimated $16.3 million and $32.1 million, respectively.
From January 20, 2017, through September 6, 2017, the department has initiated 62 anti-dumping and countervailing duty investigations - a 41% increase over the previous year.
It currently maintains 407 anti-dumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.
First Published: Sep 07, 2017 10:38 IST