The U.S. Department of Commerce has completed its review of antidumping duties on finished carbon steel flanges from India for the period from August 1, 2022, to July 31, 2023. They found that certain companies sold these products in the U.S. at less than normal value, resulting in dumping margins. The review examined 14 companies, with specific focus on R.N. Gupta & Co. Ltd. and Norma Group, revising their dumping margins based on feedback during the review process. The final results will influence future duties and require importers to ensure compliance with U.S. trade rules.
Simple Explanation
The U.S. says some companies from India sold steel parts in America for too cheap last year, and now they have to pay a special fee to make it fair. They checked 14 companies, focusing on two big ones, and this will help decide the rules for selling in the future.