Certain Indian stainless steel producers have been hit with a weighted-average dumping margin (AD) of 17.24pc by US Department of Commerce for selling stainless steel bars at less than fair value (LTFV). The result was published late on Nov 24 by US Commerce.
The decision was taken following a probe for the period of review from Feb 1, 2018 to Jan 31, 2019 and it was determined that certain stainless steel producers and exporters from India sold stainless steel bar from India at a less than fair value.
Commerce has penalized the mandatory respondent including Venus Wire Industries, and its affiliates Hindustan Inox, Precision Metals and Sieves Manufacturers, while it was determined that mandatory respondent Ambica Steels did not make any sales at a less than fair value.
The anti-dumping duty subject to the order is SS bar. SS bar included articles of stainless steel in straight lengths that have been either hot-rolled, forged, turned, cold-drawn, cold-rolled or otherwise cold-finished, or ground. It would have a uniform solid cross section along their whole length in the shape of circles, segments of circles, ovals, rectangles (including squares), triangles, hexagons, octagons, or other convex polygons, specified the press release by Commerce.