Business Other News 24 Sep 2016 US moves toward fina ...

US moves toward finalising duties on certain Indian steel pipe

REUTERS
Published Sep 24, 2016, 9:33 am IST
Updated Sep 24, 2016, 9:35 am IST
In 2015, imports of the products from India were valued at an estimated $33.1 million.
The final determination is a further step toward locking in US duties on the imports, which the department said would range up to 13.3 per cent.
 The final determination is a further step toward locking in US duties on the imports, which the department said would range up to 13.3 per cent.

The US Commerce Department on Friday said India was dumping welded stainless pressure pipe in the United States at below market value and unfairly subsidizing the products.

The final determination is a further step toward locking in US duties on the imports, which the department said would range up to 13.3 per cent. The pipes are used to transport fluids at high temperatures and pressures, and are used in the petrochemical, oil and gas and other industries.

 

The duties will become final if the International Trade Commission determines the US industry was being harmed. The department said a final ITC decision was due on Nov. 6.

Bristol Metals, a subsidiary of US steel products maker Synalloy Corp, Outokumpu Stainless Pipe, a subsidiary of Finnish firm Outokumpu, Felker Brothers Corp and Marcegaglia USA brought the case last year.

In 2015, imports of the products from India were valued at an estimated $33.1 million, the department said.

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