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

The US Department of Commerce has imposed preliminary antidumping duties (AD) and countervailing duties (CVD) on stainless steel flanges from India.


Commerce indicated in a notification on Aug 20 that some producers or exporters from the country sold the materials at less than the fair value during the period of review (POR) March 28, 2018, to September 30, 2019, and also received unfair subsidies on the products during the POR January 23, 2018, to December 31, 2018.


The department has therefore levied an AD margin of 145.25pc on Bebitz Flanges Works, Chandan Steel, and companies not individually reviewed. Moreover, it has imposed a cash deposit rate equal to the AD margin on Bebitz Flanges Works and 140.38 on Chandan Steel and companies not individually reviewed. 


Commerce has also initiated a CVD of 4.15pc on Chandan Steel, 4.51pc on Kissan Die Tech, and 4.22pc on companies not selected for individual review. 

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