U.S. Says Indian Steel-Threaded Rod Being Dumped, Subsidised

WASHINGTON: The U.S. Department of Commerce said that imports of steel-threaded rod from India have been dumped and subsidised.

Such a determination by the Commerce Department paves the way for imposing anti-dumping duty by the United States in Indian steel threaded rod by International Trade Commission - an independent quasi-judicial federal agency in August.

In 2013, imports of steel-threaded rod from India were valued at an estimated $19 million.

"Commerce determined that imports of steel-threaded rod from India have been sold in the United States at dumping margins ranging from 16.74 to 119.87 per cent.

Commerce also determined that imports of steel threaded rod from India have received countervailable subsidies ranging from 8.61 to 39.46 per cent," an official statement said.

In the anti-dumping investigation, mandatory respondents Mangal Steel Enterprises Limited and Babu Exports received final dumping margins of 16.74 per cent and 119.87 per cent, respectively.

Babu Exports' margin is based on adverse facts available because it failed to respond to Commerce's questionnaire.

All other producers/exporters in India received a final dumping margin of 16.74 per cent, the Department of Commerce said.

In the countervailing duty investigation, mandatory respondents Mangal Steel Enterprises Limited and Babu Exports received final subsidy rates of 8.61 per cent and 39.46 per cent, respectively.

Babu Exports' subsidy rate is based on adverse facts available because it failed to respond to Commerce's questionnaire.

All other producers/exporters in India have been assigned a final subsidy rate of 8.61 per cent, it said.