WASHINGTON (Reuters) - The U.S. Commerce Department said on Tuesday it had set preliminary duties of up to 120 percent on imports of steel threaded rods from India.
The department said the rods, which have threaded grooves, had been "dumped" in the U.S. market at prices 8.63 percent to 119.87 percent below fair market value.
In 2013, imports of steel threaded rods from India were valued at an estimated $19 million, the department said.
A final decision on duties is expected by July and is also subject to a ruling by the U.S. International Trade Commission on whether the imports injure, or threaten injury to, domestic producers.
The United States on Monday launched a challenge to domestic content requirements in India's solar program, saying they discriminated against U.S. companies.
(Reporting by Krista Hughes)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app