BREAKING: ITC Unanimously Finds Imports of Chinese, Indian Steel Threaded Rod Harm US Industry
The U.S. International Trade Commission (USITC) today voted unanimously that a U.S. domestic industry is injured by dumped and subsidized imports of steel threaded rod from China and India. Today's vote concludes the final phase of the antidumping (AD) and countervailing duty (CVD) investigations on steel threaded rod from China and India.
The investigation was initiated in March 2019 upon a petition filed by Schagrin Associates on behalf of U.S. threaded rod producer Vulcan Threaded Products, Inc.
As a result of today's vote, the U.S. Department of Commerce will issue antidumping duty orders on steel threaded rod from China and India with dumping margins ranging from 4.26% - 59.45% (China) and 2.47% - 28.34% (India). Commerce will also issue countervailing duty orders on steel threaded rod with subsidy rates ranging from 31.02% - 66.81% (China) and 6.07% - 211.72% (India).
Schagrin Associates has over 35 years of experience representing clients in antidumping and countervailing duty proceedings. For more information, please visit our website at www.schagrinassociates.com.