trending Market Intelligence /marketintelligence/en/news-insights/trending/hnniom9pjek2tvbbdfnira2 content esgSubNav
In This List

US initiates antidumping, unfair subsidy probe on steel propane cylinders

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


US initiates antidumping, unfair subsidy probe on steel propane cylinders

The U.S. Commerce Department said June 12 that it has initiated antidumping duty investigations to ascertain if steel propane cylinders from China, Taiwan and Thailand are being dumped in the U.S.

The department said it will also carry out a countervailing duty investigation to determine if producers in China are receiving unfair subsidies from Beijing. These investigations are based on petitions filed by Worthington Industries and Manchester Tank & Equipment Co.

If Commerce has affirmative findings, and if the U.S. International Trade Commission determines that dumped and/or unfairly subsidized U.S. imports of steel propane cylinders from China, Taiwan and/or Thailand are causing injury to the U.S. industry, Commerce will impose duties on those imports.

The ITC will make its preliminary injury determinations on or before July 6. Commerce is expected to announce its preliminary countervailing duty determination in August and its preliminary antidumping determinations in October, although these dates may be extended. If the ITC determinations are negative, the investigations will be terminated.

In 2017, imports of steel propane cylinders from China, Taiwan and Thailand were valued at an estimated $89.8 million, $10.1 million and $14.1 million, respectively.