Announced Tue, 28 Jul · 12:11 IST
US imposes preliminary 6.99% countervailing duty on HEG graphite electrode exports
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HEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
HEG Limited disclosed that the U.S. Department of Commerce issued a preliminary affirmative countervailing duty (CVD) determination on Indian graphite electrode imports. A 6.99% preliminary CVD rate has been set for HEG, potentially requiring cash deposits on US shipments. This is preliminary and subject to verification. Final determination is due December 8, 2026. HEG says financial impact is not yet ascertainable.
Likely market impact
Short-term margin pressure on HEG's US graphite electrode exports from the 6.99% preliminary duty. Final duty pending December 8, 2026; financial impact unclear.