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USITC hearing on antidumping probe on steel from India in May

US International Trade Commission (USITC) will hold a hearing in May in connection with the final phase of antidumping and countervailing duty investigations on certain steel products from India, China, and three other countries.

The USITC said it has scheduled the final phase of antidumping and countervailing duty investigations on certain 'corrosion ­ resistant steel' products from India, China, Italy, Korea, and Taiwan.

"The Commission hereby gives notice of the scheduling of the final phase of antidumping and countervailing duty investigation...to determine whether an industry" in the US is materially injured or threatened with material injury, or the establishment of an industry in the US is materially retarded, by reason of imports of the products from the five countries, it said. The Commission, it said will hold "a hearing in connection with the final phase of these investigations" on May 26, 2016, at the US International Trade Commission Building.

The final phase of these investigations is being scheduled as a result of "affirmative preliminary" determinations by the Department of Commerce that certain benefits which constitute subsidies "are being provided" to manufacturers, producers, or exporters in China, India, Italy, and Korea of certain corrosion­resistant steel products, it said. The department has also determined that such products were being sold in the US at less than fair value.

It has preliminarily determined that countervailable subsidies are not being provided to producers and exporters of the products from Taiwan and that the imports from there are not being and are not likely to be sold in the US at less than fair value.

Source: Economic Times