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US solidifies countervailing duties on steel tubes from China, India
Source: Hellenic Shipping News
The US International Trade Commission on Friday determined that US producers of cold-drawn mechanical tubes were materially injured by imports from China and India that were found to be subsidized by their respective governments.
The final affirmative injury determinations confirm the imposition countervailing duties determined by the US Commerce Department in early December.
Regarding China, Commerce determined a final subsidy rate of 21.41% for Jiangsu Hongyi Steel Pipe Co. and 18.27% for Zhangjiagang Huacheng Import & Export Co.
All other Chinese exporters and producers received a final subsidy rate of 19.84%.
India’s Goodluck Industries received a final subsidy rate of 8.02% and Tube Investments of India got a 42.6% rate. The “all other” rate for India was established at 22.41%.
The ITC also made a negative finding concerning critical circumstances with regard to imports from China, so they will not be subject to retroactive countervailing duties.
US mechanical tube imports from these two countries are subject to antidumping investigations by Commerce and the ITC as well.