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

The US Department of Commerce has preliminarily determined countervailing duties (CVD) on two Indian producers and exporters of cold-drawn mechanical steel tubing.


Commerce indicated in a notification last week that its investigations into the product exported by Goodluck India and Tube Investments of India found that both companies had received unfair subsidies for the exported material in the period of review (POR) January 1, 2019, to December 31, 2019.


The agency has therefore levied CVD of 5.32pc on Goodluck India and 7.70pc on Tube Investments of India for the POR. Through the notification, Commerce has asked interested parties to respond to these duties within 30 days of the notification going public.


On receiving the final results of Commerce’s investigation, Customs and Border Protection (CBP) will assess CVD on all entries from the two companies.

Leave a Reply

Your email address will not be published.