US Commerce finds that Korean transformers were dumped in US
USA, New York: The U.S. Department of Commerce has issued a preliminary determination that two Korean producers of large power transformers have been dumping their products in the U.S., according to a notice issued last week.
USA, New York: The U.S. Department of Commerce has issued a preliminary determination that two Korean producers of large power transformers have been dumping their products in the U.S., according to a notice issued last week.
Hyosung Corp. and Hyundai Heavy Industries Co. Ltd. were both found to be selling their exported transformers at less than normal value from August 2013 through July 2014. Commerce calculated their dumping margins to be 11.01 percent and 3.96 percent, respectively, reports Law 360.
Other companies included in the review were ILJIN Electric Co. Ltd. and LSIS Co. Ltd, which were both assigned dumping margins of 7.49 percent for the period of review.
The review was requested by New Jersey-based transformer producer ABB Inc.
Source: Law 360
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