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US Slaps Preliminary Duties On Certain Indian Steel Pipes

The US Commerce Department on Wednesday said it would slap preliminary duties on imports of welded stainless pressure pipe from India after finding the goods were being dumped in the US market at below market prices.

Photo Credit : Reuters

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The US Commerce Department on Wednesday said it would slap preliminary duties on imports of welded stainless pressure pipe from India after finding the goods were being dumped in the US market at below market prices.

The preliminary decision came in response to a complaint brought last year by Bristol Metals, a subsidiary of US steel products maker Synalloy Corp; Outokumpu Stainless Pipe, a subsidiary of Finnish firm Outokumpu; and Felker Brothers Corp and Marcegaglia USA.

The department said it found the products were being dumped at margins of up to 18.9 per cent, and that it would tell US customs officials to collect a 16.9 per cent cash deposit as the trade case moves forward.

It said would announce its final determination on or about September 17.

In a related countervailing duty case, the department in March issued a preliminary finding that imports of the pipe were also being unfairly subsidized. A final Commerce Department determination in that case is expected by July 18.

(Reuters)