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

The Department of Commerce has initiated antidumping duties against 20 Chinese companies after determining they sold steel nails in the US at less than normal value.


The firms found to have contravened trade rules will pay separate duty rates between 41.75pc and 118.04pc, Commerce has said, adding that it received neither written comments nor evidence contradicting its preliminary determination. An exception was made for The Stanley Works (Langfang) Fastening Systems Co., Ltd. and Stanley Black & Decker, Inc who will pay a duty of 2.11pc in AD duties.


Two exporters—Shanxi Pioneer Hardware Industrial Co., Ltd. and Tianjin Universal Machinery Imp. & Exp. Corporation will pay an AD duty of 118.04pc, according to the order issued by Commerce, with the rest of the exporters paying 41.75pc.


The disputed steel nails were sold in the US between Aug 1, 2017 and July 31, 2018.

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