U.S. Department of Commerce Finds Dumping and Countervailable Subsidization of Imports of Carbon and Alloy Steel Threaded Rod from China and India
For Immediate Release
February 10, 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 imports of carbon and alloy steel threaded rod from China and India.
Commerce determined that producers and/or exporters from China have sold carbon and alloy steel threaded rod at less than fair value in the United States at rates ranging from 4.26 percent to 59.45 percent. Commerce determined that exporters from India have dumped carbon and alloy steel threaded rod in the United States at margins ranging from 2.47 percent to 28.34 percent.
In addition, Commerce determined that producers and/or exporters from China and India received countervailable subsidies at rates ranging from 31.02 percent to 66.81 percent, and from 6.07 percent to 211.72 percent, respectively.
In 2018, imports of carbon and alloy steel threaded rod from China and India were valued at an estimated $104.7 million and $35.8 million, respectively.
The petitioner is Vulcan Threaded Products, Inc. (Pelham, Ala.).
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 200 new AD and CVD investigations – this is a 170 percent increase from the comparable period in the previous administration.
AD and CVD laws provide American businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of unfair pricing of imports into the United States. Commerce currently maintains 516 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 March 23. 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.