India Wins US Anti-dumping Case on Steel Threaded Rod

An independent US quasi-judicial federal agency has ruled against imposing any anti-dumping duty against certain categories of steel threaded rod from India. The ruling by United States International Trade Commission (USITC) came a month after US Department of Commerce determined that Indian steel threaded rod was being dumped in the country and sought imposition of anti-dumping duty against it.

“The USITC determined that a US industry is neither materially injured nor threatened with material injury by reason of imports of certain steel threaded rod from India that the US Department of Commerce has determined are subsidised and sold in the United States at less than fair value,” a media statement said. “As a result of the USITC’s negative determinations, no antidumping and countervailing duty orders will be issued,” the statement said. In 2013, imports of steel threaded rod from India were valued at an estimated $19 million.

In July, the Department of Commerce determined that imports of steel threaded rod from India had been sold in the United States at dumping margins ranging from 16.74 to 119. 87 percent. It also determined that imports of steel threaded rod from India have received countervailing subsidies ranging from 8.61 to 39.46 per cent. 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 respectively. (Source: Hindu Business Line)