SHANGHAI, AUG 7TH 2016:
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 decision of the US International Trade Commission came a month after the US Commerce Department decided that Indian steel thread rods had been thrown into the country and sought to impose anti-dumping duties on them.
"Ossetec has decided today that the US industry is not physically injured or is threatened with physical injuries due to imports of some interconnected steel rod from India that the US Department of Commerce may decide to be supported and sold in the United States below its fair value.
The voice of President Medith M. Broadbent, Vice Chairman Dean Pinkert and commissioners Irving A Williamson, David Johansson and Scott F. How voted in negative.
Commissioner Ronda K. Schmidtlin did not participate in these investigations.
“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 per cent.
It also determined that imports of steel threaded rod from India have received countervailable 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.
