Based on affirmative final determinations by the US Department of Commerce (DOC) and the US International Trade Commission (USITC), the DOC announced on July 8 that it has decided to issue a countervailing duty (CVD) order on prestressed concrete steel wire strand (PC strand) from China.
As SteelOrbis previously reported, the US DOC had on May 17 announced its final determinations in the antidumping and CVD investigations of PC strand from China. On June 10, the USITC had determined that a US industry is materially injured by reason of imports of prestressed concrete steel wire (PC) strand from China, which the DOC had determined are subsidized and sold in the United States at less than fair value.
In the issuance of order, the institution amended the margins it determined for the respondents as follows:
Producer/Exporter |
Original weighted-average margin (%) |
Amended weighted-average margin (%) |
Fasten Group Import & Export Co Ltd, Jiangyin Hongsheng Co Ltd, Jiangyin Fasten Steel Products Co Ltd, Jiangyin Hongyu Metal Products Co Ltd and Jiangyin Walsin Steel Cable Co Ltd (collectively the Fasten Group) |
8.85 ad valorem |
9.42 ad valorem |
Xinyu Iron and Steel Joint Stock Limited Company, and Xingang Iron and Steel Joint Stock Limited Liability Company (collectively the Xinhua Companies) |
45.85 percent ad valorem |
45.85 percent ad valorem |
All Others |
27.35 percent ad valorem |
27.64 percent ad valorem |
The PC strand subject to the order in question is currently classifiable under subheadings 7312.10.3010 and 7312.10.3012 of the Harmonized Tariff Schedule of the United States.