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US to investigate anti dumping of forged steel fittings-The 19th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
10/12/2017 Die-casting expo-foundry expo |
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US Ministry of Economic Affairs said that US Department of Commerce is to initiate an anti-dumping duty investigation into the import of forged steel fitting products from Taiwan, China and Italy. US ministry’s Bureau of Foreign Trade said in a statement that “We have informed domestic steelmakers about the US government’s upcoming investigation. We will also maintain close contact with domestic firms to offer necessary assistance.”
The bureau said that The US International Trade Commission had asked the US Department of Commerce to carry out the investigation to see if imports of forged steel fitting products from the three nations have injured or threatened the US industry.
The bureau said that The ITC’s request came after US companies, including Bonney Forge Corp, filed anti-dumping petitions, claiming that imports of the steel products from the aforementioned destinations had been sold in the US at less than fair value.
It said that the US is the main export destination for Taiwanese forged steel fittings, but annual exports to the US have declined over the past three years.
Citing exports data, the bureau said that Taiwanese shipments to the US last year totaled USD 15.63 million, down 20.45 percent from USD 19.65 million the previous year.
The bureau said that Taiwan accounted for a 5.83% share of the US market last year, ranking seventh.
China is the largest exporter of forged steel fittings to the US, shipping USD 78.73 million of products last year for a 29.35% share of the US market.
Italy ranked fourth with a 7.94% market share.
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