Weldbend, Boltex file trade petitions against India, Spain and Italy
Weldbend Corp. and Boltex Mfg. Co., two U.S.-based producers of carbon-steel flanges, recently filed petitions within the U.S. Department of Commerce and the U.S. International Trade Commision charging that unfairly priced and subsidized imports of carbon-steel flanges from India, Spain and Italy are causing material injury to the domestic industry.
The antidumping and countervailing petitions seek the enforcement and compliance of Indian, Spanish and Italian manufacturers with U.S. and international trade laws. Boltex and Weldbend charge that unfairly traded imports of carbon-steel flanges from India, Spain and Italy are causing material injury to the American industry of carbon-steel flanges, as these foreign producers are selling their products in the American market at prices that are less than their fair value and are thereby significantly undercutting American market prices.