US issues preliminary CVD rates for CTL plate from China and S. Korea

Thursday, 08 September 2016 16:34:00 (GMT+3)   |   Istanbul
       

The US Department of Commerce (DOC) has announced its preliminary determinations in the countervailing duty (CVD) investigation of imports of certain carbon and alloy steel cut-to-length plate (CTL plate) from China and South Korea. 
                          
In the China investigation, the DOC has calculated a preliminary subsidy rate of 210.50 percent for Jiangyin Xingcheng Special Steel Works Co. Ltd., Hunan Valin Xiangtan Iron & Steel, and Viewer Development Co., Ltd. All other producers/exporters in China have also been assigned a preliminary subsidy rate of 210.50 percent.
 
Meanwhile, in the investigation regarding imports from South Korea, the DOC has calculated a de minimis preliminary subsidy rate of 0.62 percent for POSCO and all other producers/exporters in South Korea.
 
The DOC is scheduled to announce its final determinations on or about January 19, 2017.
 
The products in question currently fall under Customs Tariff Statistics Position Numbers 7208.40.3030, 7208.40.3060, 7208.51.0030, 7208.51.0045, 7208.51.0060, 7208.52.0000, 7211.13.0000, 7211.14.0030, 7211.14.0045, 7225.40.1110, 7225.40.1180, 7225.40.3005, 7225.40.3050, 7226.20.0000, and 7226.91.5000.

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