US DOC announces preliminary CVD margins against threaded rod imports from China and India

Friday, 26 July 2019 20:33:08 (GMT+3)   |   San Diego
       

The US Department of Commerce (DOC) announced the affirmative preliminary determinations of the countervailing duty (CVD) investigations of imports of carbon and alloy steel threaded rod from China and India.

In the China investigation, the DOC assigned a preliminary subsidy rate of 23.41 percent to mandatory respondent Ningbo Zhongjiang High Strength Bolts Co., Ltd. and 24.89 percent to mandatory respondent Zhejiang Junyue Standard Part Co., Ltd.  The preliminary subsidy rate for all other Chinese producers and exporters is 23.83 percent.

In the India investigation, Commerce assigned a preliminary subsidy rate of 6.07 percent to mandatory respondent Mangal Steel Enterprises Limited, and 155.03 percent to mandatory respondent Daksh Fasteners.  The preliminary subsidy rate for all other Indian producers and exporters is 6.07 percent.

Steel threaded rod is currently classifiable under subheadings 7318.15.5051, 7318.15.5056, and 7318.15.5090 of the Harmonized Tariff Schedule of the United States (HTSUS).  Subject merchandise may also enter under subheading 7318.15.2095 and 7318.19.0000 of the HTSUS. 

In 2018, imports of carbon and alloy steel threaded rod from China and India were valued at an estimated $104.7 million, and $35.8 million, respectively. 

The DOC is scheduled to announce its final determinations on or about December 4, 2019, unless the deadline is extended.


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