Indian Steel Rod Makers Receive Subsidies, Commerce Says

Law360, New York (December 18, 2013, 6:51 PM EST) -- India-based producers and exporters of steel threaded rod have received government subsidies, the U.S. Department of Commerce found Thursday as part of a probe into whether they unfairly competed with U.S. steel makers.

The Commerce Department, which has been conducting a parallel investigation alongside the U.S. International Trade Commission into allegedly low-priced imported steel threaded rod made in India and Thailand, calculated a subsidy rate of 8.13 percent for Indian steel producers and a rate nearly five times as high for one company, Babu Exports, which...
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