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

The US Department of Commerce has preliminarily determined that utility-scale wind towers from India are being sold, or are likely to be sold at less than fair value in the US market. 


In an order published today, Commerce stated that the period of review for the investigation is July 1, 2019, to June 30, 2020. In accordance with the initial findings, the agency has assigned a weighted-average dumping margin of 54.03pc and will collect an assessed cash deposit rate of 50.65pc from all the exporters or producers. 


The parties under review include Vestas Wind Technology India, Acciona Wind Power India, Nordex India, Prommada Hindustan, Vinayak Energy, and Zeeco India. Apart from these companies, Commerce has also assigned an all-others margin at the same rate for Indian producers of the subject matter. 


Commerce is also running an accompanying countervailing duty (CVD) investigation on the same basis. It will direct US Customs and Border Protection to suspend liquidation of concerned entries until cash deposits are collected.

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