Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

US launches trade probe over Indian, Chinese stainless steel flanges

by | May 25, 2021

Labourers work at a steel plant.

Labourers work at a steel plant.

Washington : The US Commerce Department has launched an anti-dumping and countervailing duty probes against imports of stainless steel flanges from India and China.

The probes were initiated on Wednesday based on petitions filed by the Coalition of American Flange Producers and its two members, Xinhua news agency quoted the Department as saying.

They alleged that the Indian and Chinese producers were dumping stainless steel flanges in the US market with margins ranging from 78.49 per cent to 257.11 per cent.

They also claimed that the Indian and Chinese governments were providing “unfair” subsidies to domestic producers of stainless steel flanges, it added.

The US International Trade Commission (ITC), is scheduled to make its preliminary inquiry determinations around October 2.

The probe will continue if the ITC determines that there is a reasonable indication that imports of stainless steel flanges from these two countries materially injure or threaten the domestic industry of the United States.

In 2016, imports of these products from India and China were estimated at about $32.1 million and $16.3 million, respectively, according to the department.

President Donald Trump’s administration has initiated 62 anti-dumping and countervailing duty investigations so far this year, up 41 per cent year-on-year, the Department added.

—IANS

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Sensex trades lower amid mixed global cues

Sensex trades lower amid mixed global cues

Mumbai: Indian equity indices opened lower on Friday following mixed cues from global markets. At 9.48 a.m., Sensex was down 430 points or 0.52 per cent at 81,771 and Nifty was down 118 points or 0.48 per cent at 25,023. The broader market trend remains positive. On...

Rapido raises USD 200 mn to expand operations, scale tech platform

Rapido raises USD 200 mn to expand operations, scale tech platform

New Delhi: Homegrown ride-sharing platform Rapido on Thursday said it has raised $200 million in its Series E funding, taking its valuation to over $1.1 billion. The funding round was led by WestBridge Capital, and also saw participation from existing investor Nexus,...

Rupee falls 3 paise to settle at 84.01 against US dollar

Rupee falls 3 paise to settle at 84.01 against US dollar

Mumbai: The rupee breached the crucial 84-mark second time within a month and settled 3 paise lower at 84.01 on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets. However, a weak dollar against major...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *