U.S. Department of Commerce Finds Dumping and Countervailable Subsidization of Forged Steel Fittings from Korea and India
For Immediate Release
October 14, 2020
Contact: Office of Public Affairs
WASHINGTON – Today, the U.S. Department of Commerce announced affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of forged steel fittings from India and Korea (AD only).
Commerce determined that producers and/or exporters from Korea and India have sold forged steel fittings at less than fair value in the United States at rates ranging from 17.08 percent to 198.38 percent for Korea, and 0.00 percent to 293.40 percent for India.
In addition, Commerce determined that producers and/or exporters from India received countervailable subsidies at rates ranging from 2.64 percent to 300.77 percent.
In 2019, imports of forged steel fittings from Korea and India were valued at an estimated $62.6 million and $104.2 million, respectively.
The petitioners are Bonney Forge Corporation (Mount Union, PA) and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union.
The strict enforcement of U.S. trade law is a primary focus of the Trump Administration. Since the beginning of the current administration, Commerce has initiated 286 new AD and CVD investigations – a 267 percent increase from the comparable period in the previous administration.
The AD and CVD laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair pricing and unfair subsidization of imports into the United States. Commerce currently maintains 540 AD and CVD orders which provide relief to American companies and industries impacted by unfair trade.
The U.S. International Trade Commission (ITC) is currently scheduled to make its final injury determinations on or about November 27, 2020. If the ITC makes affirmative final injury determinations, Commerce will issue AD and CVD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated, and no orders will be issued.
The U.S. Department of Commerce’s Enforcement and Compliance unit within the International Trade Administration is responsible for vigorously enforcing U.S. trade laws and does so through an impartial, transparent process that abides by international rules and is based on factual evidence provided on the record.
Foreign companies that price their products in the U.S. market below the cost of production or below prices in their home markets are subject to AD duties. Foreign companies that receive unfair subsidies from their governments, such as grants, loans, equity infusions, tax breaks, or production inputs, are subject to CVD duties aimed at directly countering those subsidies.