US DOC announces preliminary CVD margins for Chinese steel staples

Wednesday, 06 November 2019 21:40:17 (GMT+3)   |   San Diego

The US Department of Commerce announced an affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of certain collated steel staples from China, finding that exporters received countervailable subsidies ranging from 12.38 to 156.99 percent.

In 2018, imports of steel staples from China were valued at an estimated $88.8 million. The petitioner is Kyocera Senco Industrial Tools, Inc. (Cincinnati, OH).

The DOC is currently scheduled to announce its final CVD determination by March 18, 2020. If the DOC makes an affirmative final determination, the US International Trade Commission (ITC) will be scheduled to make its final injury determination by May 1, 2020. If the DOC makes an affirmative final determination in this investigation, and the ITC makes an affirmative final injury determination, the DOC will issue a CVD order. If the DOC makes a negative final determination, or the ITC makes a negative final determination of injury, the investigation will be terminated and no order will be issued.

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