On Tuesday, the US Department of Commerce (DOC) announced the final results of its administrative review of stainless steel bar from India.
The review covered two Indian producers/exporter--(1) Mukand, Ltd.; and (2) Chandan Steel Limited--during the period from February 1, 2010 through January 31, 2011. The DOC calculated the following final weighted-average dumping margins: (a) Mukand--30.92 percent; and (b) Chandan--30.92 percent.
These final margins compare with the previous dumping duty deposit rate for both companies, which was 21.02 percent. Accordingly, effective today, July 3, 2012, the dumping duty deposit rate became 30.92 percent for both Mukand and Chandan.
The stainless steel bar subject to this review is currently classifiable under subheadings 7222.10.00, 7222.11.00, 7222.19.00, 7222.20.00 and 7222.30.00 of the Harmonized Tariff Schedule of the United States.