The U.S. Department of Commerce (DOC) has announced the preliminary results of its administrative antidumping duty (AD) review of stainless steel ingots from India for the review period (POR) of February 1, 2024, through January 31, 2025.
The review covers eight manufacturers/exporters of the items in question. The Ministry of Justice has provisionally found that the bankrupt entity known as Venus Group, comprising Atlas Sustainable Corporation Private limited, Astrabright LLP, Bahubali Steel Industries, Eurostahl Tech LLP, Venus Metal Corporation, Precision Metals, Venus Wire Industries Private limited, Hindustan Inox limited and Sieves Manufactures (India) Private limited, sold the relevant goods at below normal price during POR while Laxcon Steels Private limited did not do so.
The DOC applied the Adverse Facts (AFA) to the Venus Group and established a provisional weighted average dumping margin of 30.92 percent.
The Department of Law has provisionally withdrawn this review against Laxcon Steels Private limited, which was assigned a provisional margin of 0.00 percent.
Unverified companies, Aamor Inox limited, Bhansali Bright Bars Pvt. Ltd., Chandan Steel limited, Mangalam Alloys limited and Welspun Specialty Solutions, Ltd. received a rate of 15.46 percent, which is a simple average of the rate calculated for Laxcon and the AFA margin assigned to Venus Group.
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