US locks in duties on certain Indian steel pipes
The action finalizes provisional duties of up to 13.3% after it found India was dumping the pipe sin the United States at below market value
Latest News »
- Bharti Infratel Q1 consolidated profit falls 12%
- World oil demand could peak in 2024 on higher vehicle efficiency: Goldman Sachs report
- After five decades in politics, President Pranab Mukherjee says ‘Nomoshkar’ to private life
- Opposition boycotts UP Assembly, holds parallel ‘House’
- IT start-up employees are entitled to labour law benefits, says government
Washington: The US International Trade Commission on Tuesday voted to lock in duties on imports of welded stainless pressure pipe from India as it affirmed the goods were harming the US industry.
The action finalizes provisional duties of up to 13.3% set by the commerce department after it found India was dumping the pipe in the United States at below market value and unfairly subsidizing the products. The pipe is used to transport fluids at high temperatures and pressures in the petrochemical, oil and gas and other industries.
The decision was in response to a complaint brought last year by Bristol Metals, a subsidiary of US steel products maker Synalloy Corp ; Outokumpu Stainless Pipe, a subsidiary of Finland’s Outokumpu ; Felker Brothers Corp; and Marcegaglia USA.
In 2015, imports of the products from India were valued at an estimated $33.1 million, according to the commerce department. Reuters