The U.S. Commerce Department announced its findings of affirmative final determinations in antidumping duty (AD) investigations of imports of forged steel fittings from China and Italy and countervailing duty (CVD) investigation of imports of forged steel fittings from China.
Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to antidumping duties. Companies that receive unfair subsidies from their governments, such as grants, loans, equity infusions, tax breaks, or production inputs, are subject to countervailing duties aimed at directly countering those subsidies.
As noted in the Commerce Department’s release, it was determined that exporters from China and Italy have sold forged steel fittings in the United States at significant percentages less than fair value. Commerce also determined that China is providing countervailable subsidies to its producers of forged steel fittings at the final rate of 13.41%.
The U.S. International Trade Commission (ITC) is currently scheduled to make its final injury determinations on 15 November 2018. If the ITC makes affirmative final injury determinations, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.
Read a Commerce Department fact sheet [PDF 82 KB] on these decisions.
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