China Prestressed Concrete Steel Wire Strand: Final CV Duty Determination
The International Trade Administration has made a final affirmative determination that countervailable subsidies are being provided to producers and exporters of prestressed concrete steel wire strand (PC strand) from China (C-570-946).
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CV Liquidation Suspended Through March 1
The ITA has instructed U.S. Customs and Border Protection to suspend liquidation for CV duty purposes and collect CV duty cash deposits on all entries of subject merchandise from China with a time of entry on or after November 2, 2009 through March 1, 2010.
CV Liquidation Reinstated as of March 2
The ITA has also instructed CBP to discontinue the suspension of liquidation for CV duty purposes, and the collection of CV duty cash deposits or bonds, for subject merchandise with a time of entry on or after March 2, 2010.
(See ITT’s Online Archives or 04/08/10 news, 10040845, for BP summary.)
CV Liquidation to be Suspended Again if CV Order Issued
The ITA will issue a CV duty order, reinstate the CV suspension of liquidation, and require a cash deposit of estimated CV duties for entries of subject merchandise at the revised CV duty rates listed below if the ITC issues a final affirmative injury determination.
(If the ITC determines that material injury, or threat of material injury, does not exist, this proceeding will be terminated and all estimated duties deposited or securities posted as a result of the suspension of liquidation will be refunded or canceled.)
| Exporter/Manufacturer | Final CV Rate (not in effect) |
|---|---|
| Xinhua Metal Products Company; Xinyu Iron and Steel Joint Stock Limited Company; and Xinyu Iron and Steel Limited Liability Company (collectively, the Xinhua Companies) | 45.85% (from 12.06%) |
| Fasten Group Corporation, Fasten Group Import & Export Co., Ltd.; Jiangyin Hongsheng Co. Ltd.; Jiangyin Fasten Steel; Jiangyin Hongyu Metal Products Co., Ltd.; and Jiangyin Walsin Steel Cable Co., Ltd. (collectively, the Fasten Companies) | 8.85% (from 7.53%) |
| All Others | 27.35% (from 9.80%) |
(See ITA notice for additional information, including the scope of the order (which remains unchanged since the initiation notice), etc.
See today’s issue of ITT, 10052131, for BP summary of the ITA’s final antidumping duty determination for subject merchandise.
See ITT’s Online Archives or 05/18/10 news, 10051884, for BP summary of the fact sheet announcing this final determination.
See ITT’s Online Archives or 11/02/09 news, 09110240, for BP summary of the preliminary CV duty determination.)
ITA contact -- Robert Copyak (202) 482-2209
ITA notice (FR Pub 05/21/10) available at http://edocket.access.gpo.gov/2010/pdf/2010-12292.pdf
ITA fact sheet available at http://ia.ita.doc.gov/download/factsheets/factsheet-prc-pc-strand-adcvd-final-20100517.pdf