US DOC issues preliminary CVD margins against imports of forged steel fluid end blocks

Wednesday, 20 May 2020 19:12:15 (GMT+3)   |   San Diego
       

The US Department of Commerce (DOC) announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of forged steel fluid end blocks from China, Germany, India, and Italy – finding that exporters received countervailable subsidies at rates that range from 16.18 to 138.53 percent, 5.25 to 10.04 percent, 4.69 percent, and 3.05 to 43.75 percent, respectively.

The DOC will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of forged steel fluid end blocks from China, Germany, India, and Italy based on these preliminary rates.

The petitioners are the FEB Fair Trade Coalition (Cleveland), Ellwood City Forge Company, Ellwood Quality Steels Company, and Ellwood National Steel Company (Ellwood City, Pa.), and A. Finkl & Sons (Chicago).

 The petitioners estimated that 2018 imports of forged steel fluid end blocks from China, Germany, India, and Italy were valued at approximately $17.8 million, $23.3 million, $44.4 million, and $46.4 million, respectively.

The DOC is currently scheduled to announce its final CVD determinations on or about September 30, 2020. If the DOC makes affirmative final determinations, the US International Trade Commission (ITC) will be scheduled to make its final injury determinations on or about November 14, 2020.


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