International Trade Daily™ provides rapid, reliable notification of the most significant developments affecting U.S. trade and international business policy, as well as the policies of major U.S....
By Brian Flood
Imports of cold-drawn mechanical tubing from China, Germany, India, Italy, South Korea, and Switzerland will be hit with anti-dumping duties, the International Trade Commission announced May 17.
The trade commission found that imports from the six countries are seriously hurting U.S. producers. As a result, the U.S. will impose anti-dumping duties on the imports, which could raise prices for users in the automotive, construction, agricultural, and oil and gas equipment sectors.
The decision is good news, however, for U.S. manufacturers ArcelorMittal Tubular Products, Michigan Seamless Tube LLC, PTC Alliance Corp., Webco Industries Inc., and Zekelman Industries Inc., which petitioned for the duties.
The Commerce Department previously found that these imports were sold in the U.S. at less than fair value. Commerce found that the imports were dumped at margins of up to 186.89 percent for the tubing from China, up to 209.06 percent for imports from Germany, up to 33.8 percent for imports from India, up to 68.95 percent for imports from Italy, up to 48 percent for imports from South Korea, and up to 30.48 percent for imports from Switzerland.
In light of the ITC ruling, the U.S. will now impose duties in line with these rates.
The U.S. imported about $152.6 million worth of this tubing from these six countries combined in 2016, according to Commerce.
To contact the reporter on this story: Brian Flood in Washington at email@example.com
To contact the editor on this story: Jerome Ashton at firstname.lastname@example.org
Copyright © 2018 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)