The Department of Commerce has preliminarily found that producers and exporters of stainless steel flanges from India received countervailable subsidies from January 23, 2018, to December 31, 2018. This review, initiated in December 2019, determines that Chandan Steel Limited and Kisaan Die Tech Pvt Ltd. benefited from subsidies, prompting a weighted-average subsidy rate for unreviewed companies. Interested parties can comment on these findings, and the final results will follow within 120 days unless extended. The Commerce Department will notify U.S. Customs and Border Protection to assess duties and collect cash deposits on imports of the targeted products.
Simple Explanation
The U.S. Department of Commerce found that some companies in India got special financial help from their government when making metal rings called stainless steel flanges. Because of this, the U.S. plans to charge extra fees when these metal rings are brought into the country to make it fair for everyone.