Graphite India Faces Preliminary US Antidumping Duty of 12.22%

AI Summary

Graphite India Ltd has received communication from the U.S. Department of Commerce regarding preliminary affirmative determinations in Antidumping Duty (AD) investigations of large diameter graphite electrodes from India. The preliminary dumping margin is 12.22%, resulting in a preliminary cash deposit rate of 9.88% on exports after subsidy adjustment. The effective date is yet to be notified. The company states that the financial impact is currently un-ascertainable. This development pertains to regulatory and trade matters impacting potential exports to the US.

Key Highlights

US Dept of Commerce issued preliminary affirmative AD determination.
Preliminary dumping margin set at 12.22% for graphite electrodes.
Cash deposit rate adjusted to 9.88% after subsidy offset.
Financial impact is currently un-ascertainable.
Effective date of the new rates is yet to be notified.

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GRAPHITE

Electrodes & Refractories

GRAPHITE INDIA LTD.

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