ITA Fact Sheet on Final AD/CV Rates for China Prestressed Concrete Steel Wire Strand

The International Trade Administration has issued a fact sheet announcing its affirmative final determinations in the antidumping and countervailing duty investigations of prestressed concrete steel wire strand (PC strand) from China (A-570-945 and C-570-946).

The ITA will instruct U.S. Customs and Border Protection to collect AD cash deposits or bonds based on the final AD duty rates below, adjusted for export subsidies found in the final determination of the CV duty investigation. Cash deposits of CV duties will not be required unless the International Trade Commission makes a final affirmative injury determination.

Final AD Rates Range from 42.97% to 193.55%

In the AD investigation, the ITA has found that Chinese producers/exporters have sold PC strand in the U.S. at 42.97% to193.55% less than fair value.

The mandatory respondent, Xinhua Metal Products Co., Ltd., will receive a final AD duty rate of 175.94%. The voluntary respondent, Wuxi Jinyang Metal Products Co. (WJMP), will receive a final AD duty rate of 42.97%. Also, Fasten Group Import & Export has qualified for a separate rate of 175.94%.

All other Chinese producers/exporters will receive the final China-wide entity rate of 193.55%.

Final CV Rates Range from 8.85% to 45.85%

In the CV investigation, the ITA has determined that Chinese producers/exporters have received net countervailable subsidies ranging from 8.85% to 45.85%.

Mandatory respondents Fasten Group Import & Export Co., Ltd. and Xinhua Metal Products Co. will receive final CV duty rates of 8.85% and 45.85%, respectively. All other producers/exporters will receive a CV duty rate of 27.35%.

ITC to Issue Final Injury Determinations in June 2010

The ITC is scheduled to issue its final injury determinations on or about June 28, 2010. If the ITC makes affirmative determinations that imports of PC strand from China materially injure, or threaten material injury to, the domestic industry, the ITA will issue AD and CV duty orders.

(See ITT’s Online Archives or 12/28/09 news, 09122850 and 10011255, for BP summaries of the preliminary AD duty determination, and the adjusted preliminary AD duty rates, respectively.

See ITT’s Online Archives or 11/02/09 news, 09110240, for BP summary of the preliminary CV duty determination.

See ITT’s Online Archives or 04/08/10 news, 10040845, for BP summary of the ITA’s discontinuation of CV suspension of liquidation and cash deposit requirements.)

ITA fact sheet available at http://ia.ita.doc.gov/download/factsheets/factsheet-prc-pc-strand-adcvd-final-20100517.pdf