The US Department of Commerce announced the initiation of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine whether forged steel fittings from India and Korea are being dumped in the United States and to find if producers in India are receiving unfair subsidies.
These investigations were initiated based on petitions filed by Bonney Forge Corporation (Mount Union, PA) and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union. In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and $67.6 million, respectively.
The alleged dumping margins range from 45.31 to 198.38 percent for Korea and 52.48 to 293.40 percent for India.
There are 45 subsidy programs alleged for India, including allegations that the Government of India provides export subsidies, as well as subsidized financing, land, steel, and other raw materials.
The ITC will make its preliminary determinations on or before December 9, 2019. If the ITC preliminarily determines that there is injury or threat of injury, then the DOC’s investigations will continue, with the preliminary CVD determination scheduled for January 16, 2020, and preliminary AD determinations scheduled for March 31, 2020, unless these deadlines are extended.
Final determinations by the DOC in these cases are scheduled for March 31, 2020, for the CVD investigation, and June 15, 2020, for the AD investigations, but these dates may be extended.