SynopsisThe US Department of Commerce has reaffirmed its antidumping duty and countervailing duty orders on specific cut-to-length carbon-quality steel plate imports from India, Indonesia, and South Korea. This decision follows a sunset review, with the DOC finding that discontinuing these measures could result in a resurgence of dumping and subsidies. The imposed weighted-average dumping margins are 42.39 percent for India, 52.42 percent for Indonesia, and 6.09 percent for South Korea, while final subsidy rates range from 12.82 to 47.71 percent. These duties have been in effect since August 28.Article:In a recent announcement, the US Department of Commerce (DOC) has issued its final verdict following a sunset review of antidumping duty (AD) and countervailing duty (CVD) orders on certain cut-to-length carbon-quality steel plate imports from three countries: India, Indonesia, and South Korea.The DOC's comprehensive evaluation led to the conclusion that the removal of these antidumping and countervailing duty orders would likely result in a resurgence of dumping and subsidies in the US market. This assessment has prompted the DOC to maintain the existing measures to safeguard domestic industries.For India, the DOC has determined a weighted-average dumping margin of 42.39 percent and a final subsidy rate of 12.82 percent. Indonesia faces a weighted-average dumping margin of 52.42 percent and final subsidy rates of 15.90 percent and 47.71 percent, while South Korea encounters a 6.09 percent weighted-average dumping margin and a final subsidy rate of 3.26 percent.These antidumping and countervailing duties have been in effect since August 28, serving as protective measures against the adverse effects of dumping and subsidies on the specified cut-to-length carbon-quality steel plate products.The subject merchandise is classified under various subheadings within the Harmonized Tariff Schedule of the United States (HTSUS), covering a range of steel plate products. These measures are essential to maintain fair competition and safeguard domestic steel industries against unfair trade practices.Conclusion:The US Department of Commerce's decision to uphold antidumping and countervailing duty orders on cut-to-length carbon-quality steel plate imports from India, Indonesia, and South Korea reaffirms the commitment to fair trade practices and protection of domestic industries. With weighted-average dumping margins and final subsidy rates specified for each country, these measures aim to prevent unfair competition and ensure a level playing field in the US market. These duties, effective since August 28, serve as a vital safeguard against dumping and subsidies, upholding the integrity of the steel industry in the United States.
SynopsisThe US Department of Commerce has reaffirmed its antidumping duty and countervailing duty orders on specific cut-to-length carbon-quality steel plate imports from India, Indonesia, and South Korea. This decision follows a sunset review, with the DOC finding that discontinuing these measures could result in a resurgence of dumping and subsidies. The imposed weighted-average dumping margins are 42.39 percent for India, 52.42 percent for Indonesia, and 6.09 percent for South Korea, while final subsidy rates range from 12.82 to 47.71 percent. These duties have been in effect since August 28.Article:In a recent announcement, the US Department of Commerce (DOC) has issued its final verdict following a sunset review of antidumping duty (AD) and countervailing duty (CVD) orders on certain cut-to-length carbon-quality steel plate imports from three countries: India, Indonesia, and South Korea.The DOC's comprehensive evaluation led to the conclusion that the removal of these antidumping and countervailing duty orders would likely result in a resurgence of dumping and subsidies in the US market. This assessment has prompted the DOC to maintain the existing measures to safeguard domestic industries.For India, the DOC has determined a weighted-average dumping margin of 42.39 percent and a final subsidy rate of 12.82 percent. Indonesia faces a weighted-average dumping margin of 52.42 percent and final subsidy rates of 15.90 percent and 47.71 percent, while South Korea encounters a 6.09 percent weighted-average dumping margin and a final subsidy rate of 3.26 percent.These antidumping and countervailing duties have been in effect since August 28, serving as protective measures against the adverse effects of dumping and subsidies on the specified cut-to-length carbon-quality steel plate products.The subject merchandise is classified under various subheadings within the Harmonized Tariff Schedule of the United States (HTSUS), covering a range of steel plate products. These measures are essential to maintain fair competition and safeguard domestic steel industries against unfair trade practices.Conclusion:The US Department of Commerce's decision to uphold antidumping and countervailing duty orders on cut-to-length carbon-quality steel plate imports from India, Indonesia, and South Korea reaffirms the commitment to fair trade practices and protection of domestic industries. With weighted-average dumping margins and final subsidy rates specified for each country, these measures aim to prevent unfair competition and ensure a level playing field in the US market. These duties, effective since August 28, serve as a vital safeguard against dumping and subsidies, upholding the integrity of the steel industry in the United States.
