The US Commerce Department said on Monday that China was dumping steel shelving units in the US market at below fair value and unfairly subsidizing the producers, and it took a step closer to slapping duties on the products.
The department said US customs officials would begin collecting cash deposits to offset the dumping margins pending a final determination of injury to US industry.
If injury is found, the United States will also put in place countervailing duties to offset Beijing's subsidies, it said. If no injury is found, any monies collected will be refunded, it said.
The complaint over China's trade in pre-packaged, boltless shelving used in homes and businesses was lodged by Chicago-based Edsal Manufacturing Co.
The Commerce Department said China was dumping the products at margins of up to 112.68 per cent, with subsidies ranging as high as 80.45 per cent.
Source: ET
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