Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce has determined that around 10 Indian companies sold forged steel fittings in the US at less than fair value (LTFV).


The department plans to impose antidumping duties on these companies, it said in a directive on Thursday, and has invited comments from interested parties on its scope of investigation. 


Based on its preliminary findings of sales at LTFV from these Indian companies, Commerce determined an estimated weighted-average dumping margin of 293pc on nine of the 10 companies that were under investigation. 


One company, Shakti Forgings Industries, was given a weighted margin of zero since Commerce found it had adhered to the normal value rules set by the department. All other companies investigated by Commerce were given an estimated weighted-average dumping margin of 195pc.

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