AD and CVD investigations of PC Strand from China – DOC final determinations

Wednesday, 19 May 2010 02:09:13 (GMT+3)   |  
The US Department of Commerce (DOC) has announced its final determinations in the antidumping (AD) and countervailing duty (CVD) investigations of prestressed concrete steel wire (PC) strand from China.

The final dumping margins are:

(1)  Wuxi Jinyang Metal Products Co., Ltd. - 42.97 percent (compared with a preliminary determination of 37.72 percent).

(2)  Xinhua Metal Products Co., Ltd. - 175.94 percent (compared with a preliminary margin of 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) - 175.94 percent (compared with a preliminary margin of 151.44 percent). 

(4)  All other Chinese producers and exporters - 193.55 percent (unchanged).

The final subsidy margins are:

(a)  Xinhua Metal Products Company - 45.85 percent (compared with a preliminary margin of 12.06 percent).

(b)  Fasten Group Import & Export Co., Ltd. - 8.85 percent (compared with a preliminary margin of 7.53 percent).

(c)  All Others - 27.35 percent (compared with a preliminary margin of 9.80 percent).

Because the AD law requires an offset in the AD margin for subsidies which are determined to be export subsidies, the dumping duty deposit rates will be slightly less than the final dumping margins, as follows:

(1)  Wuxi Jinyang Metal Products Co., Ltd. - 42.42 percent.

(2)  Xinhua Metal Products Co., Ltd. - 175.74 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) - 175.85 percent.

(4)  All other Chinese producers and exporters - 193.55 percent (unchanged).

The US International Trade Commission (ITC) is scheduled to make its final injury determination on June 10.  If the ITC makes an affirmative injury determination, the DOC will issue AD and CVD orders against PC strand from China.  If, on the other hand, the ITC makes a negative injury determination, the investigations will be terminated, and no further action will be taken.


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