U.S. Finds Dumping Of Imports Of Forged Steel Fittings From China And Italy
On Oct. 2, the U.S. Commerce Department announced a final determination that it had identified evidence that forged steel fittings from China and Italy were being unfairly dumped in the United States. The Commerce Department determined that exporters from China and Italy have sold forged steel fittings in the United States at eight to 142.72 percent and 49.43 to 80.2 percent less than fair value, respectively. Commerce also determined that China is providing countervailable subsidies to its producers of forged steel fittings at the final rate of 13.41 percent.
The U.S. International Trade Commission (ITC) is currently scheduled to make its final injury determinations on Nov. 15, 2018. Upon publication of the final affirmative AD determinations, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect AD cash deposits equal to the applicable final weighted-average dumping rates. As a result of the affirmative final CVD determination, if the ITC makes an affirmative injury determination, the Commerce Department will instruct CBP to resume collection of CVD cash deposits equal to the applicable subsidy rates.
Imports of the products totaled about $104.8 million from China and $43.9 million from Italy last year.