US begins probe into steel flanges from China, India

The US Department of Commerce on Wednesday said it began an investigation into possible dumping and subsidisation of stainless steel flanges from China and India.

Commerce Secretary Wilbur Ross announced the trade action in a statement, saying: “The Department will act swiftly, while assuring a full and fair assessment of the facts, to ensure that everyone trades on a level playing field.”

In 2016 imports of stainless steel flanges from China and India were valued at an estimated $16.3 million and $32.1 million, respectively, the statement said.

The probe followed petitions by two privately held companies, Core Pipe Products Inc of Illinois and Maass Flange Corp of Texas.

They alleged dumping margins, or the discount to fair value, on products from China of 99.23 per cent to 257.11 per cent and from India of 78.49 per cent to 145.25 per cent. They also estimated that products from both countries were subsidised at undetermined rates, the statement said.

The International Trade Commission is due to make a preliminary decision about whether the imports injure US producers by October 2, which would ensure the Commerce Department continues its investigation, the statement said. It said that from January 20 through September 6 this year, the department had begun 62 antidumping and countervailing duty investigations, up 41 per cent from the previous year. REUTERS