US confirms duties on imports of steel threaded rod from India

Tags: News
The United States on Monday confirmed import duties on shipments of steel threaded rod from India after finding the goods were made using unfair government subsidies and sold too cheaply in US markets.

In its final ruling, the Department of Commerce said most imports of the rod, which were valued at an estimated $19 million in 2013, would face a dumping margin of 16.74% and a subsidy rate of 8.61%.

The rod is often used in commercial construction to support electrical conduits, pipes for plumbing, ductwork and sprinkler systems and for bolting together pipe joints in the waterworks industry.

The complaint was lodged by All America Threaded Products, Bay Standard Manufacturing and Vulcan Threaded Products. The US International Trade Commission is due to make its final decision in the case by Aug. 17.

EDITORIAL OF THE DAY

  • Banning commercial surrogacy will end exploitation of women

    Thousands of infertile couples around the globe come to India—the world’s biggest hub for commercial surrogacy along with Thailand—to rent wombs

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

Japan needs more women in high office

Japan does not rank high in international tables, when it ...

Jemima Raman

Things one learns on a potter's wheel

As things go, watching a shape emerge from a blob ...

Bubbles Sabharwal

Hold the world in the palm of your hand

There is absolute happiness and relative happiness. The poet John ...