Trade Cases
Steel cylinders from India face US import duties
Written by Laura Miller
May 17, 2024
Non-refillable steel cylinder imports from India are subject to new antidumping and countervailing duties (AD/CVD).
The US International Trade Commission (ITC) made its final injury determination in a trade case on Thursday, voting unanimously that the US industry is being injured by the unfairly traded imports.
As a result of the ITC’s decision, AD and CVDs will now be collected on the Indian-origin products coming to the US.
Last month, the US Department of Commerce’s International Trade Administration (ITA) made its final determinations in the case. It determined weighted-average dumping margins of 0-6.27% and subsidy rates of 2.26-2.38%.
Worthington Industries was the petitioner in this case. The company completed its planned split last year into manufacturer Worthington Enterprises and processor group Worthington Steel. Worthington Enterprises’ Building Products group is now responsible for producing a variety of steel cylinders.
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Fitch warns more tariffs will pressure global commodity markets
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
Commerce increases import duties on Korean galv, plate
The Commerce Department is raising the import duties on imports of corrosion-resistant sheet and cut-to-length plate from Korea.
Leibowitz on trade: Why is protectionism so popular?
The world has had a few shocks recently. The CEO of a major health insurance company was gunned down in Manhattan. The 50-year Assad dynasty in Syria was pushed out less than two weeks after rebels started an offensive. And President-elect Trump is promising tariffs on everything a month before he takes office. But one shock has been taking place for a lot longer than the last few weeks. The 70-year consensus on trade hasn’t just been challenged. It’s been repudiated.
Ternium chief say Mexico tariffs ‘irrational’
Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."
Price on Trade: Trump tariffs are no negotiating tool – and could come at lightning speed
We focused on trade actions the second Trump administration might take in a prior column. Since then, we have learned more about the individuals who will be leading these efforts. Recent nominations reinforce the president-elect’s statements that tariffs will feature prominently in the second administration and that trade actions will be unveiled at lightning speed.