India faces anti-dumping probe for steel imports in US
The Dollar Business Bureau India along with four other countries is facing an anti-dumping investigation in the US for unfair practices in the import of corrosion-resistant steel products. The US International Trade Commission (USITC) has begun an investigation to determine whether to impose anti-dumping and countervailing duties on the import of these steel products from India, China, Italy Korea and Taiwan, a report said. The probe was ordered after six major US steel producers filed a petition before the USITC, alleging suppliers of these countries of causing injuries to the domestic industry. The petition was filed by the United States Steel Corporation, Nucor Corporation, Steel Dynamics Inc, California Steel Indutries, ArcelorMittal USA LLC and AK Steel Corporation on June 3, according to ...
India challenges WTO ruling over US countervailing duties on steel
The Dollar Business Bureau | @TheDollarBiz Growing steel imports by US threaten the steel sector that supports over half a million jobs in US India has challenged the recent World Trade Organisation (WTO) ruling on countervailing duties (CVD) by USA on certain steel imports from Indian companies which were imposed due to alleged government support to the steel industry in India. India had first appealed against imposition of CVD by USA on hot rolled carbon steel flat products from India in 2012. After two years, in its July 2014 ruling, the WTO accepted a small number of claims by India, but dismissed the remaining claims. According to the Indian Commerce Ministry, the WTO Panel accepted that combining non-subsidized imports with subsidized ...
