The US Department of Commerce (DOC) has announced its final determinations in the antidumping (AD) duty and countervailing duty (CVD) investigations against corrosion-resistant steel product imports from China, India, Italy, South Korea and Taiwan.
Accordingly, the US Department of Commerce calculated AD margins of 209.97 percent for China, 3.05-4.44 percent for India, 12.63-92.12 percent for Italy, 8.75-47.80 percent for South Korea and 3.77 percent Taiwan. In addition, the subsidy rates are in the range of 39.05-241.07 percent for China, 8.00-29.46 percent for India, 0.07-38.51 percent for Italy, and 0.72-1.19 percent for South Korea. Meanwhile, the US DOC has found no countervailable subsidies in imports of the mentioned products from Taiwan.
The products in question currently fall under the Customs Tariff Statistics Position Numbers 7210.30.0030, 7210.30.0060, 7210.41.0000, 7210.49.0030, 7210.49.0091, 7210.49.0095, 7210.61.0000, 7210.69.0000, 7210.70.6030, 7210.70.6060, 7210.70.6090, 7210.90.6000, 7210.90.9000, 7212.20.0000, 7212.30.1030, 7212.30.1090, 7212.30.3000, 7212.30.5000, 7212.40.1000, 7212.40.5000, 7212.50.0000 and 7212.60.0000.
The US Department of Commerce's International Trade Commission (ITC) is scheduled to make its final injury determinations on July 8, 2016. If the ITC makes affirmative final determinations that the mentioned imports from China, India, Italy, Taiwan, and South Korea materially injure, or threaten material injury to the domestic industry, the US DOC will issue AD and CVD orders. If the ITC makes negative determinations of injury, the investigations will be terminated.