Initial ruling from US Commerce Department finds Chinese cylinders subsidized

The US Commerce Department on Monday October 22 issued an affirmative preliminary determination in its countervailing duty probe against imports of steel propane cylinders from China.

Imports of Chinese steel propane cylinders - made from hot-rolled coil (HRC) - totaled 4,006,413 units valued at about $89.8 million in 2017, the agency said in the preliminary determination. That's up from 1,613,360 units valued at $60.9 million the previous year. Fastmarkets AMM's hot-rolled coil index moved to $41.69 per hundredweight ($833.80 per ton) on October 18, up 2.3% from $40.76 per cwt the previous week and up 41.7% from $29.42 per cwt...

Published

Yvonne Li

October 23, 2018

22:03 GMT

New York