US DOC announces preliminary CVD rates for Chinese steel racks

Wednesday, 21 November 2018 21:03:00 (GMT+3)   |   San Diego
       

The US Department of Commerce announced the affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of steel racks from China, finding that exporters received countervailable subsidies ranging from 5.04 to 150.49 percent.

As a result of the decision, the DOC will instruct US Customs and Border Protection to collect cash deposits from importers of steel racks from China based on these preliminary rates.

The petitioner estimates that imports of steel racks in 2017 were valued at approximately $200 million.

The petitioner is the Coalition for Fair Rack Imports, the members of which are Bulldog Rack Company (Weirton, WV), Hannibal Industries, Inc. (Los Angeles, CA), Husky Rack and Wire (Denver, NC), Ridg-U-Rak, Inc. (North East, PA), SpaceRak (Marysville, MI), Speedrack Products Group, Ltd. (Sparta, MI), Steel King Industries, Inc. (Stevens Point, WI), Tri-Boro Shelving & Partition Corp. (Farmville, VA), and UNARCO Material Handling, Inc. (Springfield, TN).

The DOC is currently scheduled to issue its final determination on or about April 1, 2019. If the final determination is affirmative, the US International Trade Commission (ITC) will be scheduled to make its final injury determination on or about May 16, 2019.


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