The US Department of Commerce (DOC) has announced its preliminary affirmative determination in the antidumping (AD) investigation of prestressed concrete steel wire (PC) strand from China.
The DOC has calculated the following preliminary dumping margins:
(1) Wuxi Jinyang Metal Products Co., Ltd. - 37.72 percent
(2) Xinhua Metal Products Co., Ltd. - 151.44 percent
(3) Fasten Group Import & Export (exporter) and Jiangyin Fasten Steel Products Co., Ltd.; Jiangyin Walsin Steel Cable Co., Ltd.; and Jiangyin Hongyu Metal Products Co., Ltd. (producers) - 151.44 percent
(4) All other Chinese producers and exporters - 193.55 percent.
The DOC is scheduled to make its final dumping determination by March 2010, but that date may be extended.
Previously, the DOC had calculated the following preliminary subsidy margins regarding PC strand from China:
(a) Xinhua Metal Products Company (Xinhua), Xinyu Iron and Steel Joint Stock Limited Company (Xinyu), and Xinyu Iron and Steel Limited Liability Company (Xingang) (Collectively the Xinhua Companies) - 12.06 percent
(b) Fasten Group Corporation (Fasten Corp.), Fasten Group Import & Export Co., Ltd. (Fasten I&E), Jiangyin Hongsheng Co. Ltd. (Hongsheng), Jiangyin Fasten Steel (Fasten Steel), Jiangyin Hongyu Metal Products Co., Ltd. (Hongyu Metal), and Jiangyin Walsin Steel Cable Co., Ltd. (Walsin) (Collectively, the Fasten Companies) - 7.53 percent
(c) All Others - 9.80 percent
The DOC is scheduled to make its final subsidy determination by mid-January 2010 (though that date may also be extended).