New York, July 24 (TIWN) In its intensifying trade dispute with India, the United States Commerce Department has said that India and China are subsidising their carbon and alloy steel threaded rod exports and could face retaliatory action.

The Department announced on Tuesday that its countervailing duty (CVD) investigations had made a preliminary determination that Indian exporters of the product received subsidies ranging from 6.07 per cent to 155.03 per cent.