The US Department of Commerce determined that countervailable subsidies are being provided to Indian and German exporters of forged steel fluid end blocks used in the US oil and gas industry.
In an order slated for publication on Dec 11, Commerce assigned a countervailing duty (CVD) of 5.20pc to India’s Bharat Forge and the same rate for all other producers from India. The period of review (POR) for this investigation is April 1, 2018-March 31, 2019.
A probe into German producers of the same merchandise for the POR, January 1, 2018, to December 31, 2018, established a subsidy range for material from that country. Commerce also determined that the three German producers in the review made sales in the US at less-than-fair value during the POR, October 1, 2018, through September 30, 2019. The agency decided to assign antidumping duties (AD) as a result of the review.
|Exporter (Germany)||Subsidy Rate (%)||AD margin (%)|
|BGH Edelstahl Siegen||5.86||3.82|
|voestalpine Bohler Group||14.81||70.84|