China Galvanized Steel Wire: Amended Preliminary AD Determination
On November 4, 2011, the ITA published its preliminary affirmative antidumping determination that galvanized steel wire from China is being, or likely to be, sold in the U.S. at less than fair value (A-570-975). The preliminary determination found AD rates of 76.34% to 235%. In that determination, the ITA noted that the AD deposit/bond rate for some of those companies would be reduced for the export subsidy found in the companion countervailing duty preliminary determination. (See ITT’s Online Archives 11110406 for BP summary of ITA’s original preliminary determination.)
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CBP Reduces Nov 4 Cash Deposit/Bond Rates for CV Export Subsidy
U.S. Customs and Border Protection then issued a message listing the Nov 4 rates, but as reduced for the preliminary export subsidy found in the companion CV preliminary determination. The preliminary AD cash deposit/bond rates for various producer/exporter combinations were reduced by either .09% or .16% (and some rates did not change at all). CBP’s Nov 15, 2011 message is available here.
ITA Amends Prelim Det, but Rates Do Not Reflect CV Offset
On November 29, 2011, the ITA published an amended preliminary determination in order to correct certain ministerial errors, resulting in rates different from the Nov 4 rates for many. The Nov 29 rates do not reflect the reduction for the CV subsidy. According to ITA sources, CBP will issue another message that shows the amended rates as reduced by the preliminary export subsidy. This CBP notice will be issued no sooner than five days after Nov 29.
BP is checking with the ITA to see if the ITA’s Nov 29 amended AD rates will be adjusted by the same amount as the original preliminary AD rates (i.e., by .09% or .16%).
BP will update subscribers as new information becomes available. See future issue of ITT for complete details.
ITA’s Nov 29, 2011 amended preliminary determination (with rates that have not been adjusted for export subsidies) available here