ITC: Forged Steel Fittings Investigation Will Move Forward
Acting on petitions filed by Schagrin Associates, the U.S. International Trade Commission (ITC) today unanimously voted that there is a reasonable indication that a domestic industry is materially injured by dumped and subsidized imports of forged steel fittings. Because of this preliminary vote, the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of forged steel fittings from India (AD and CVD) and Korea (AD only) will proceed to the final phase. The petitions were brought on behalf of Bonney Forge Corporation and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union (USW).
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 petitions allege dumping margins of up to 293.40% for Indian imports and up to 198.38% for Korean imports.
Commerce is scheduled to make its preliminary CVD determination with respect to India on January 16, 2020, and its preliminary AD determinations for both countries on March 31, 2020. These deadlines may be extended.
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.