The US Department of Commerce (DOC) announced Tuesday the final results of its administrative review of stainless steel bar from India.
The review originally covered four Indian producers/exporters: Facor Steels Ltd. /Ferro Alloys Corporation, Ltd.; Mukand, Ltd.; India Steel Works, Limited; and Venus Wire Industries Pvt. Ltd. and its affiliates Precision Metals, Sieves Manufacturers (India) Private Limited, and Hindustan Inox Ltd. ("Venus") during the period from February 1, 2009 through January 31, 2010. Previously, the DOC rescinded the review of India Steel Works because the request for this review was withdrawn.
The DOC calculated the following final weighted-average dumping margins: (a) Facor Steels--9.86 percent; (b) Mukand--21.02 percent; and (c) Venus--0.07 percent (de minimis).
On the basis of the results of this review, the DOC revoked the antidumping order with respect to Venus. The DOC found that Venus had zero or de minimis dumping margins for a period of at least three consecutive years, and Venus agreed to the immediate reinstatement of the order if the DOC finds that it has resumed dumping. The effective date of revocation of the order is February 1, 2010.
Accordingly, effective today, September 13, 2011, the dumping duty deposit rates became 9.86 percent for Facor Steels and 21.02 percent for Mukand. In addition, the DOC instructed U.S. Customs to revoke the order with respect to stainless steel bar produced and/or exported by Venus, effective February 1, 2010.
The stainless steel bar subject to this review is currently classifiable under subheadings 7222.11, 7222.19, 7222.20 and 7222.30 of the Harmonized Tariff Schedule of the United States (HTSUS).