• ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,496.720
    85.590
    0.6%
  • OTLT.USA
    2.743
    0.003
    0.1%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,466.390
    90.520
    0.6%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Commerce starts investigation of India pressure pipe imports

The U.S. Commerce Department on Wednesday started antidumping and countervailing duty investigations for imports of welded stainless pressure pipe from India.

   The U.S. Commerce Department on Wednesday started antidumping and countervailing duty investigations for imports of welded stainless pressure pipe from India.
   Dumping occurs when a foreign country sells a product in the United States at less than fair market value, while countervailable subsidies are financial assistance from foreign governments that benefit production of goods by domestic industries contingent on their export performance or ability to use domestic goods over imports.
   The petitioners for these investigations are Bristol Metals of Tennessee, Felker Brothers Corp. in Wisconsin, Outokumpu Stainless Pipe of Florida, and Marcegaglia USA in Pennsylvania.
   Imports of welded stainless pressure pipe from India in 2014 were valued at $36.9 million, according to Commerce.
   The U.S. International Trade Commission is scheduled to make its preliminary injury determination on these imports by Nov. 16. If the ITC determines that there is a reasonable indication that imports of welded stainless pressure pipe from India harm domestic industry, the investigations will continue and Commerce will be scheduled to make its preliminary countervailing duty determination in December and its preliminary antidumping determination in March 2016, unless the statutory deadlines are extended. If the ITC’s preliminary determination is negative, the investigations will be terminated.

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