Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Global Geopolitical Series: U.S. Commerce Department announces preliminary AD on imports of Stainless Steel Flanges from China and India

Earlier this week, the U.S. Commerce Department announced preliminary results of the Anti-dumping Duty (AD) investigation on imports of Stainless Steel Flanges from China and India. The investigations were initiated based on a petition filed by Coalition of American Flange Producers and its individual members: Core Pipe Products, Inc. (Carol Stream, IL) and Maass Flange Corporation (Houston, TX).

The department has found that exporters of Stainless Steel Flanges from China and India have sold the product in the United States at 257.11 percent, and 18.10 to 145.25 percent less than fair value, respectively. The Commerce Department has asked the United States’ Customs and Border Protection Agency (CBP) to collect cash deposits from importers based on these rates.

According to the department’s calculations, imports of stainless steel flanges from China and India were valued at an estimated $16.3 million and $32.1 million, respectively, in 2016.

Since coming to power the Trump administration has initiated 102 antidumping and countervailing duty investigations, a whopping 96 percent increase from the previous period. The statement from the department quoted the Commerce Secretary Wilbur Ross as saying, “The United States will not sit back and watch as our domestic businesses are destroyed by unfair foreign government subsidies and dumping……..This Administration is taking fair and transparent action on behalf of American industry to defend businesses and workers while we continue reviewing the facts related to this decision.”

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

September 21 19:00 UTC Released

USCattle Marketed

Actual

100 %

Forecast

100.4 %

Previous

105 %

September 21 19:00 UTC Released

USCattle Placed On Fd

Actual

107 %

Forecast

104.4 %

Previous

108 %

January 31 00:00 UTC 337625337625m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 337625337625m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 349445349445m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 337625337625m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 349445349445m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 337625337625m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 337625337625m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 337625337625m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.