The US Department of Commerce (DOC) has announced the preliminary results of the antidumping duty (AD) administrative review of stainless steel bar from India for the period of review (POR) between February 1, 2024 and January 31, 2025.
The review covers eight producers/exporters of the subject merchandise. The DOC has preliminarily determined that the collapsed entity known as the Venus Group, consisting of Atlas Stainless Corporation Private Limited, Astrabright LLP, Bahubali Steel Industries, Eurostahl Tech LLP, Venus Metal Corporation, Precision Metals, Venus Wire Industries Private Limited, Hindustan Inox Limited, and Sieves Manufactures (India) Private Limited, all sold subject merchandise at less than normal value during the POR, while Laxcon Steels Private Limited did not.
The DOC has applied adverse facts available (AFA) to the Venus Group and assigned a preliminary weighted-average dumping margin of 30.92 percent.
The DOC has preliminarily rescinded this review for Laxcon Steels Private Limited, which has been assigned a preliminary margin of 0.00 percent.
The non-examined companies, Aamor Inox Limited, Bhansali Bright Bars Pvt. Ltd., Chandan Steel Limited, Mangalam Alloys Limited, and Welspun Specialty Solutions, Ltd. have been assigned a rate of 15.46 percent, which is the simple average of the rate calculated for Laxcon and the AFA margin assigned to the Venus Group.