China Stainless Sheet and Strip: Prelim AD Cash Deposit Rates Take Effect, Retroactive for All
The Commerce Department made a preliminary affirmative antidumping determination that stainless steel sheet and strip from China (A-570-042) is being sold in the U.S. at less than fair value (here). The agency found "critical circumstances" for all Chinese companies, finding they increased exports to the U.S. before this preliminary determination to get in as much merchandise as possible before AD duty cash deposit requirements were imposed. As a result, Commerce will suspend liquidation and impose retroactive AD duty cash requirements on entries on or after June 21, 2016.
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Stainless steel sheet and strip from China is also subject to an ongoing countervailing duty investigation. Commerce ordered suspension of liquidation and the collection of CV duty cash deposits for entries of merchandise subject to these AD/CV duty investigations in its preliminary CV duty determination, issued in July (see 1607150037).
AD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise that are entered, or withdrawn from warehouse, for consumption on or after June 21 (note that liquidation for some or all of these companies may already be suspended due to Commerce's CV duty investigation). Commerce will also require AD duty cash deposits as follows:
| Exporter | Producer | AD Rate | AD Cash Deposit* |
|---|---|---|---|
| Taiyuan Ridetaixing Precision Stainless Steel Incorporated Co., Ltd. | Taiyuan Ridetaixing Precision Stainless Steel Incorporated Co., Ltd. | 63.86% | 63.12% |
| Zhangjiagang Pohang Stainless Steel Co., Ltd. | Zhangjiagang Pohang Stainless Steel Co., Ltd. | 63.86% | 63.12% |
| China-wide entity | 76.64% | 75.9% |
*As adjusted for export subsidies found in Commerce's preliminary CV duty determination.
China-wide entity. The China-wide entity includes Shanxi Taigang Stainless Steel Co., Ltd. and Tianjin Taigang Daming Metal Product Co., Ltd., which Commerce found did not demonstrate independence from state control and eligibility for a separate rate.
(The period of investigation is 07/01/15 -- 12/31/15. See Commerce's notice for more information, including the scope, suspension of liquidation, detailed cash deposit instructions, etc. See 1603100029 for a summary of initiation of this investigation, and 1602160033 for the underlying petition.)
AD/CVD Operations contact -- Toni Page (202) 482-1398
(Federal Register 09/19/16)