U.S. sets preliminary duties on steel threaded rods from India
WASHINGTON (Reuters) - The U.S. Commerce Department said on Tuesday it had set preliminary duties of up to 120 percent on imports of steel threaded rods from India.
The department said the rods, which have threaded grooves, had been "dumped" in the U.S. market at prices 8.63 percent to 119.87 percent below fair market value.
In 2013, imports of steel threaded rods from India were valued at an estimated $19 million, the department said.
A final decision on duties is expected by July and is also subject to a ruling by the U.S. International Trade Commission on whether the imports injure, or threaten injury to, domestic producers.
The United States on Monday launched a challenge to domestic content requirements in India's solar program, saying they discriminated against U.S. companies.
(Reporting by Krista Hughes)
- Tweet this
- Share this
- Digg this
- UPDATE 7-Court orders Russia to pay $50 bln for seizing Yukos assets
- UPDATE 5-Property website Zillow to buy rival Trulia to cut costs
- UPDATE 3-Judge allows $2 bln sale of NBA's Los Angeles Clippers to proceed
- Israel warns of long Gaza war as Palestinian fighters cross border
- UPDATE 6-Dollar Tree to buy Family Dollar to stave off competition
Indian conglomerate Larsen & Toubro said on Monday revenue totalled 191.23 billion Indian rupees ($3.2 billion) in the first quarter, beating analyst forecasts, after a rise in orders from international clients. Full Article