US Commerce’s preliminary review found that imports from two Cold-Drawn Mechanical Tubing (CDMT) of Carbon and Alloy Steel companies in India caused material injury to the US industry. A countervailing duty (CVD) investigation found that two companies in India benefited from subsidies provided by the local government and managed to export the CDMT to the US at lower prices.
On May 2, 2019, the US Department of Commerce issued a notice of initiation of an administrative review of the CVD order on certain CDMT from India. The preliminary review determined that Goodluck India and Tube Investments received countervailable subsidies during the period of review between Sep 25 – Dec 31, 2017.
US Commerce calculated individual subsidy rates for Goodluck and Tube Investments and determined that the net subsidy rates were countervailable. Commerce has invited interested parties to comment on these preliminary results in the next 30 days.
|Company||2017 subsidy rate||2018 subsidy rate|
|Goodluck India||5.86 %||5.21 %|
|Tube Investments||4.27 %||5.17 %|