China Galvanized Steel Wire: Preliminary CV Rates Announced

On August 30, 2011, the International Trade Administration issued a Fact Sheet announcing its preliminary affirmative countervailing duty determination for galvanized steel wire from China (C-570-976). The preliminary determination found countervailable subsidies ranging from 21.59% to less than 50%, with one mandatory respondent receiving an adverse rate of 253.07% for failing to cooperate. ITA will be instructing U.S. Customs and Border Protection to require CV cash deposits or bonds, at the listed rates, effective on the date this preliminary determination is published in the Federal Register, which is expected soon.