Commerce Announces Final AD/CVD Rates on Chinese Stainless Steel Sheet and Strip
The Commerce Department announced its final affirmative determinations in its antidumping and countervailing duty investigations of stainless steel sheet and strip from China, in a fact sheet released Feb. 2 (here). The agency set AD duty rates ranging from 63.86% to 76.64%, and CV duty rates ranging from 75.6% to 190.71%, for Chinese exporters. In a reversal from its preliminary determination, Commerce no longer finds "critical circumstances" exist for Shanxi Taigang and the "all others" companies for CV duty purposes, so Commerce will order a refund of all CV duty cash deposits collected for these companies prior to July 28, 2016.
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The International Trade Commission is now set to make its final injury determination by March 20. If the ITC finds injury, Commerce will make duties permanent by issuing AD and CV duty orders. Countervailing duty cash deposit requirements have expired, and will only take effect again if the International Trade Commission finds injury and Commerce issues a CV duty order. International Trade Today will have more details on these final determinations when they are published in the Federal Register.