The review, which covers the review period from February 1, 2023 to January 31, 2024, found that some Indian producers and exporters were selling to the US market at prices below normal value.
The Ministry also announced provisional rates for companies found to be dumping. Accordingly: Astrabright LLP, Bahubali Steel Industries, Eurostahl Tech LLP, Venus Metal Corporation, Venus Wire Industries Pvt. Ltd., Precision Metals, Hindustan Inox Ltd. and Sieves Manufacturers (India) Pvt. Ltd. the weighted average dumping margin was determined as 30.92%.
Among other companies exporting similar products but not included in the scope of the review, Ambica Steels Limited, Astrabite LLP, Laxcon Steels Limited and its subsidiaries Ocean Steels Private Limited, Metlax International Private Limited, Parvati Private Limited, Mega Steels Private Limited and Meltroll Engineering Pvt. Ltd. a dumping margin of 15.46% was applied.
Aamor Inox Limited was found not to have dumped during the period in question and its margin rate was announced as 0%.
On the other hand, the investigation of Bhansali Bright Bars and Chandan Steels Limited, which have no export records to the US in the relevant period, is planned to be finalized.
The US Department of Commerce stated that the final decision will be announced within 120 days from the date of publication of the preliminary results.
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