U.S. Department of Commerce Issues Affirmative Preliminary Antidumping Duty Determinations on Forged Steel Fittings from India and Korea
FOR IMMEDIATE RELEASE
May 21, 2020
Contact: Office of Public Affairs
WASHINGTON – Today, the U.S. Department of Commerce announced affirmative preliminary determinations in the antidumping duty (AD) investigations of imports of forged steel fittings from India and Korea.
Commerce preliminarily determined that exporters from India and Korea have dumped forged steel fittings in the United States at margins ranging from zero percent to 293.40 percent, and 27.19 percent to 198.38 percent, respectively.
As a result of today’s decisions, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of forged steel fittings from India and Korea based on the preliminary rates noted above.
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.
Commerce is scheduled to announce its final determinations in these cases on or about October 12.
If Commerce’s final determinations are affirmative, the U.S. International Trade Commission (ITC) will be scheduled to make its final injury determination on or about November 23. If Commerce makes affirmative final determinations of dumping and the ITC makes an affirmative final injury determination, Commerce will issue AD orders. If Commerce makes a negative final determination of dumping or the ITC makes a negative final determination of injury, the investigation will be terminated and no orders will be issued.
In 2018, imports of forged steel fittings from India and Korea were valued at an estimated $92.6 million and $67.6 million, respectively.
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 254 new AD and countervailing duty (CVD) investigations – a 234 percent increase from the comparable period in the previous administration.
The antidumping duty law provides 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 525 AD and CVD orders which provide relief to American companies and industries impacted by unfair trade.
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 antidumping duties.
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 solely on facts submitted to the public record.