Based on the final result of the expedited initial period-end review of the compensatory duty (CVD) order, the US Department of Commerce has assessed the withdrawal of the current CVD order from India for certain corrosion resistant steel products as possible continuation or repetition of recoverable subsidies.
The net subsidy rate for JSW Steel Limited and JSW Steel Coated Products Limited was set at 6.69%, Uttam Galva Steels Limited and Uttam Value Steels Limited were assigned a rate of 530.74 percent, and all other Indian producers and exporters were given a 6.12% rate. will be subsidized.
The first CVD order was filed on July 25, 2016, and the first term-end review of this case was initiated on July 1, 2021.
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