US DOC finds dumping of Chinese steel wheels
The US Department of Commerce (DOC) has announced affirmative final determinations in the anti-dumping and countervailing cases of steel wheels from China, Kallanish reports.
The DOC has set China's dumping margins at 38.2-44.4%, while its subsidy margins are 386.5-388.3%.
In 2017, US imports of steel wheels from China were valued at an estimated $73.8 million.
Commerce preliminarily determined a dumping margin of 38.27% for Changzhou Chungang Machinery Co Ltd, which is eligible for a separate rate.
Commerce also assigned a subsidy rate of 388.3% for Zhejiang Jingu Company Limited and a preliminary subsidy rate of 386.4% for respondent Xingmin Intelligent Transportation Systems, which withdrew its participation from the investigation.
The preliminary subsidy rate for all other Chinese producers and exporters is 387.4%, which is based on the preliminary subsidy rate assigned to Zhejiang Jingu.
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Anonymous
Very good overview of the weekly steel market.
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