U.S. producers of carbon steel flanges file trade petitions against India, Spain and Italy.
Two leading producers of carbon steel flanges, Weldbend Corporation and Boltex Mfg. Co. have filed petitions with the U.S. Department of Commerce and U.S. International Trade Commision charging that unfairly priced and subsidized imports of carbon steel flanges from India, Spain and Italy are causing material injury to the domestic industry.
The antidumping and countervailing petitions seek the enforcement and compliance of Indian, Spanish and Italian manufacturers with U.S. and international trade laws. Boltex and Weldbend charge that unfairly traded imports of carbon steel flanges from those countries are causing material injury to the American industry of carbon steel flanges, as they are selling their products in the American market at prices less than their fair value and are thereby significantly undercutting American market prices.
The countervailing duty petition alleges that the Indian government has given significant subsidies to the Indian carbon steel flanges industry--to the severe detriment of American jobs and manufacturing.
"Together with Boltex, we are filing these petitions on behalf of American producers to offset the unfair advantage that Indian, Italian and Spanish producers have gained through actions that are in contravention of the law," said James J. Coulas, Jr, owner and president of Weldbend.
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|Title Annotation:||IN THE NEWS|
|Comment:||U.S. producers of carbon steel flanges file trade petitions against India, Spain and Italy.(IN THE NEWS)|
|Publication:||Pipeline & Gas Journal|
|Date:||Aug 1, 2016|
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