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NEW ANTIDUMPING AND COUNTERVAILING DUTY INVESTIGATION


People's Republic of China  prestressed concrete wire strand PRESTRESSED CONCRETE STEEL WIRE STRAND FROM CHINA

DOC Information:
Initiation Factsheet
| AD Initiation | AD Prelim Factsheet | AD Prelim NEW
CVD Initiation
| CVD Prelim Factsheet


Investigation Nos. (DOC/ITC)
A–570–945/ 731-TA-1160
C–570–946 / 701-TA-464


Preliminary AD Rates:
Wuxi Jinyan Metal Products Co. - 37.72%
Fasten Group Import & Export - 151.44%
China-wide Rate -- 193.55%



Scope


For purposes of this investigation, prestressed concrete steel wire strand (PC strand) is steel wire strand, other than of stainless steel, which is suitable for use in, but not limited to, prestressed concrete (both pretensioned and post-tensioned) applications. The scope of this investigation encompasses all types and diameters of PC strand whether uncoated (uncovered) or coated (covered) by any substance, including but not limited to, grease, plastic sheath, or epoxy. This merchandise includes, but is not limited to, PC strand produced to the American Society for Testing and Materials (ASTM) A–416 specification, or comparable domestic or foreign specifications. PC strand made from galvanized wire is excluded from the scope if the zinc and/or zinc oxide coating meets or exceeds the 0.40 oz./ft2; standard set forth in ASTM–A–475.

The PC strand subject to this investigation is currently classifiable under subheadings 7312.10.3010 and 7312.10.3012 of the Harmonized Tariff Schedule of the United States (HTSUS). Although the HTSUS subheadings are provided for convenience and customs purposes, the written description of the scope of this investigation is dispositive.
 
Chinese producer/exporters slapped with 151.44% to 193.55% antidumping duty rate -- Wuxi Jinyan Metal Products escapes with 37.72%

On December 18, the Department of Commerce announced its preliminary determination in the antidumping duty investigation on imports of prestressed concrete steel wire strand from China.  For the purposes of antidumping duty investigations, dumping occurs when a foreign company sells a product in the United States at less than fair value.

The Department of Commerce preliminarily determined that Chinese producers/exporters have sold prestressed concrete steel wire strand in the United States at 37.72% -193.55 % less than normal value.  The mandatory respondent, Xinhua Metal Products Co., Ltd. (Xinhua Metal), received a preliminary dumping rate of 151.44 %. The voluntary respondent, Wuxi Jinyang Metal Products Co. (WJMP), received a preliminary dumping rate of 37.72%.  Also, in this investigation, Fasten Group Import & Export (Fasten Group I&E) has qualified for a separate rate of 151.44 percent.  All other Chinese producers/exporters will receive a preliminary dumping rate of 193.55 percent.

Typically, the Department of Commerce averages the calculated rates of individually investigated companies to apply to all other companies that demonstrate they are not controlled by the Government of China.  Here, the Department of Commerce used only the rate calculated for the mandatory respondent.  The results is that while the rate for separate rate applicants would normally be closer to 85%, here it is 151.44%. 

As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates.


Fasten Group Import & Export subsidized at 7.53%, Xinhua Metal Products at 12.06%, all others at 9.80% for prestressed concrete wire strand from China-- import bonds or cash deposits now required to bring prestressed steel wire strand into the United States.


On October 27, the Department of Commerce (Commerce) announced its affirmative preliminary determination in the countervailing duty investigation on imports of prestressed concrete steel wire strand from China.  Commerce preliminarily determined that Chinese producers/exporters of prestressed concrete steel wire strand have received net countervailable subsidies ranging from 7.53 to 12.06 percent.

The merchandise covered by this investigation consists of certain prestressed concrete steel wire strand which is a collection of wire rod bars, typically covered with an epoxy material and is primarily used in concrete construction applications.  Prestressed concrete steel wire strand are currently classifiable under the subheadings 7312.10.3010 and 7312.10.3012 of the Harmonized Tariff Schedule of the United States (HTSUS). While the HTSUS subheading is provided for convenience and customs purposes, Commerce’s written description governs the scope of the investigation.

Mandatory respondents, Fasten Group Import & Export Co., Ltd. and Xinhua Metal Products Co., received preliminary subsidy rates of 7.53 and 12.06 percent, respectively. All other producers/exporters received a subsidy rate of 9.80 percent.  As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond on imports prestressed concrete steel wire strand from China.

Commerce is currently scheduled to issue its final determination in January 2010.

                                                                                                          

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