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

The US Department of Commerce has issued final antidumping duties (AD) on stainless steel bar from Indian producer, Venus Group and its subsidiaries. 


In a notification published on Aug 19, the department indicated that the company sold the material at less than the fair value during the period of review (POR) from February 1, 2019, to January 31, 2020. As a result, Commerce has imposed a final weighted average margin of 30.92pc on the Venus Steel Group which consists of its subsidiaries, Hindustan Inox, Precision Metals, and Sieves Manufacturers.


Upon publication of the final results, Customs and Border Protection (CBP) will be instructed to collect a cash deposit equal to the AD margin for shipments of the subject merchandise entered or withdrawn on or after the date of publication.

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