U.S. duties for South Korean roller bearings roll on

Commerce ordered the continued collection of cash deposits based on the results of its investigation.    The Commerce Department said based on the results of its antidumping duty investigation that it will continue collecting dumping duties on U.S. imports of tapered roller bearings from South Korea.
   Dumping occurs when a foreign company sells its products in the U.S. market at less than fair value.
   Commerce found that Bearing Art Corp. and Schaeffler Korea Corp. were dumping at margins of 8.21 percent and 52.44 percent, respectively. The department established a dumping margin of 30.25 percent for all other South Korean producers and exporters of tapered roller bearings. 
   As a result of this decision, Commerce has instructed Customs and Border Protection (CBP) to continue collecting cash deposits from U.S. importers of tapered roller bearings from South Korea based on these final rates.    
   According to Commerce, U.S. imports of certain tapered roller bearings from South Korea were valued at $67.4 million.  
   The petitioner for the antidumping duty investigation is The Timken Co. of Ohio.
   Meanwhile, the U.S. International Trade Commission is scheduled to release its final determination for this investigation by Aug. 2. If the ITC makes an affirmative final injury determination, Commerce will issue an antidumping order for this product from South Korea. If the ITC makes a negative final determination of injury, the investigation will end and no order will be issued.