On March 9, the US Department of Commerce (DOC) announced its preliminary results of antidumping duty administrative review against stainless steel bar from Brazil.
The review in question covers one producer/exporter of the subject merchandise, Villares Metals S.A. (VMSA), for the period of review February 1, 2007, through January 31, 2008.
Accordingly, the DOC preliminarily determined that VMSA made US sales at prices less than normal value. As a result of the review, the DOC preliminarily calculated 4.97 percent weighted-average dumping margin for VMSA for the period of review. If neither the exporter nor the manufacturer from Brazil has its own rate, the cash deposit rate will be the all-others rate for this proceeding, 19.43 percent.
If the preliminary results are adopted in the final results of administrative review, the DOC will instruct the US Customs and Border Protection (CBP) to assess antidumping duties on all appropriate entries.
The stainless steel bar subject to the order is currently classifiable under subheadings 7222.10.0005, 7222.10.0050, 7222.20.0005, 7222.20.0045, 7222.20.0075, and 7222.30.0000 of the Harmonized Tariff Schedule of the US.