The US Department of Commerce levied antidumping (AD) duties on a steel company from United Arab Emirates (UAE), which exports steel nails to the US.
Commerce said during a preliminary investigation, it found that sales of certain steel nails from Middle East Manufacturing Steel (MEM) were made at lower than fair value.
As a result, the company will be charged a weighted average dumping margin at 27.28pc on the steel nails MEM shipped to the US from May 1, 2018 to April 30, 2019. The preliminary investigation regarding these imports was initiated on July 15, 2019.
Commerce will add an ad-valorem duty for MEM if a disparity in the preliminary dumping margin is determined during the review process before the final order. The order will be finalized by July 7.