China Galvanized Steel Wire: Update on Export Subsidy Offset for Amended Prelim AD Determination
On November 4, 2011, the ITA published its preliminary affirmative antidumping duty 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%. CBP subsequently issued a message on the November 4 rates, reducing some for the export subsidies found in the companion countervailing duty investigation (most rates were reduced by either .09% or .16%). (See ITT’s Online Archives 11110406 for BP summary of ITA’s original preliminary determination without the export subsidy adjustment.)
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
ITA Amended Prelim Rates, but They Do Not Reflect CV Export Subsidy Offset
On November 29, 2011, the ITA published an amended preliminary determination in order to correct certain ministerial errors, resulting in AD rates different from the Nov 4 rates for many. However, the ITA's Nov 29 rates do not reflect the reduction for the CV export subsidies.
Upcoming CBP Message Expected to List Amended AD Rates as Reduced by Export Subsidies
CBP is expected to issue a message announcing the amended AD deposit/bond rates no sooner than five days after Nov 29. ITA officials have stated by phone that the rates in CBP’s message should reflect the same reduction for the CV export subsidies (.09% or .16%) as in CBP’s message on the ITA’s original Nov 4 AD deposit/bond rates.
See future issue of ITT for BP summary of CBP’s message that lists these amended and (export subsidy) reduced rates.
(See ITT’s Online Archives 11113005 for announcement of the ITA’s preliminary amended AD determination.)
ITA’s Nov 29, 2011 amended preliminary determination (with rates that have not been adjusted for export subsidies) available here.