Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce has determined that Goodluck India and Tube Investments of India (TII) received countervailable subsidies on cold-drawn mechanical tubing of carbon and alloy steel. 


In an order published by the agency on Oct 19, the agency stated that it reached a final verdict on the countervailing duties (CVD) to be levied on the producers for the period of review (POR) from September 25, 2017, to December 31, 2018. Commerce has levied different rates for 2017 and 2018. A table clarifying these duties is listed below. 

ProducerCVD margin – 2018 CVD margin – 2017 
Goodluck 5.865.21

In accordance with the order, Commerce will instruct US Customs and Border Protection to collect cash deposits of the estimated CVD from both the suppliers for the 2018 period, pertaining to the shipments which fall under the POR. 



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