US DOC publishes final AD & CVD margins for Chinese wire rod imports

The US Department of Commerce (DOC) published the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy steel wire rod from China.

The final dumping margins in the AD investigation are:

I. Three “separate rate” companies: 106.19%.

  • Hunan Valin Xiangtan Iron & Steel Co., Ltd.;
  • Jiangsu Shagang International Trade Co., Ltd.;
  • Rizhao Steel Wire Co., Ltd.

II. China-wide rate (i.e., all other Chinese producers and exporters) – 110.25%.

In the case of imports from “separate rate” company Jiangsu Shagang International Trade Co., Ltd., the producer of the wire rod exported by Jiangsu Shagang must be one of the following six mills to qualify for the 106.19% dumping margin:

  1. Zhangjiagang Shajing Steel Co. Ltd.;
  2. Zhangjiagang Runzhong Steel Co., Ltd.;
  3. Zhangjiagang Hongxing Gaoxian Co., Ltd.;
  4. Zhangjiagang Rongsheng Steel-Making Co., Ltd.;
  5. Jiangsu Runzhong High-Tech Co., Ltd.; o
  6. Zhangjiagang Hongchang Gaoxian Co., Ltd.

The China-wide rate of 110.25% covers, among others, Benxi Beiying Iron and Steel Group Imp. and Exp. Corp. Ltd. and the Benxi group of companies; Tangshan Iron and Steel Group Co. Ltd.; Angang Group International Trade Corporation; Qingdao Iron and Steel Co., Ltd.; Jiangsu Yonggang Group Co. Ltd.: and Baotou Steel International Economic & Trading Co., Ltd.

The final subsidy margins in the CVD investigation are:

  • Benxi Steel, which includes 15 affiliated companies – 193.31%
  • Hebei Iron & Steel Co. Ltd. Tangshan Branch – 178.46%
  • All other Chinese producers and exporters – 185.89%

The US International Trade Commission (ITC) made a negative final determination of critical circumstances with respect to both the AD and the CVD investigations, so critical circumstances do not apply to either order.

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