WASHINGTON, Aug. 16, 2017 /PRNewswire/ -- Today, the Coalition of American Flange Producers (CAFP) formally filed a petition with the U.S. Department of Commerce and the U.S. International Trade Commission, asserting that imports of stainless steel flanges from China and India are being sold into the United States at "dumped prices" below cost to gain an unfair competitive advantage. In violation of international trade rules, Chinese and Indian producers of stainless steel flanges receive improper government subsidies, such as tax breaks and discounted land and raw materials. All of these illegal actions cause material injury to the U.S. stainless steel flange industry.
Improper subsidies have enabled Chinese and Indian manufacturers to dump products into the U.S. market at prices that are well below fair market value. The import data clearly demonstrate that the volume of Chinese and Indian stainless steel flanges sold in the U.S. has increased significantly this year, and that the foreign producers of these subsidized and dumped imports have taken sales directly from U.S. manufacturers.
"The U.S. industry and its workers are suffering today as a result of dumped and subsidized imports from China and India," said Daniel B. Pickard, counsel to the CAFP and partner in the International Trade Practice at Wiley Rein LLP. "We urge the Commerce Department and the International Trade Commission to thoroughly investigate these unfair trade practices and to apply the trade remedy laws to dumped and subsidized Chinese and Indian products."
The Coalition of American Flange Producers is committed to standing up for American workers and supporting U.S. manufacturers. The Administration must take steps to preserve the U.S. manufacture of stainless steel flanges by combating the rising tide of unfairly traded imports into the United States from China and India.
Contact: Daniel B. Pickard
202.719.7285 | [email protected]
SOURCE Wiley Rein LLP