Commerce finds dumping of Chinese stainless steel imports

The U.S. Commerce Department has preliminarily determined that China is dumping stainless steel sheet and strip on the U.S. market at less than fair market value.    The U.S. Commerce Department has preliminarily determined that China is dumping stainless steel sheet and strip on the U.S. market at less than fair market value and is preparing to move forward with assessing antidumping duties against these imports.
   Specifically, Commerce found that dumping has occurred by Shanxi Taigang Stainless Steel Co., Ltd. and Tianjin Taigang Daming Metal Product Co., Ltd., and calculated a preliminary dumping margin of 63.86 percent. The department also preliminarily assigned a dumping margin of 76.64 percent for all other Chinese producers/exporters of this product.
   Commerce said it will now instruct Customs and Border Protection to collect cash deposits based on these preliminary rates.
   Meanwhile, Commerce is scheduled to announce its final determination for this investigation by Nov. 25.
   If Commerce makes an affirmative final determination, and the U.S. International Trade Commission (ITC) does the same, then Commerce will issue an antidumping order. If either Commerce’s or the ITC’s final determination is negative, no antidumping order will be issued. The ITC is scheduled to make its final injury determination in January 2017.
   According to Commerce, imports of stainless steel sheet and strip from China in 2015 were valued at an estimated $302 million.