China Steel Wire Rod: Prelim AD Cash Deposit Rates Take Effect; Retroactive for Some
The Commerce Department made a preliminary affirmative antidumping determination that carbon and certain alloy steel wire rod from China (A-570-012) is being sold in the U.S. at less than fair value. The agency found "critical circumstances" for all "China-wide rate" companies that did not demonstrate independence from state control, and will impose retroactive AD duty cash requirements on entries from those companies effective June 10. For companies that got their own rates, AD duty cash deposit requirements will take effect Sept. 8.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Steel wire rod from China is also subject to countervailing duty cash deposit requirements set in a preliminary CV duty determination Commerce issued in July (see 14070712),
Commerce Finds Critical Circumstances for Some, Imposes Retroactive Cash Deposits
Commerce made a finding that all Chinese companies that the agency preliminarily found to be part of the China-wide entity accelerated steel wire rod exports to the U.S. in the run up to the preliminary determination in an attempt to get in as much product as possible before the imposition of AD duties. This "critical circumstances" finding by the agency allows it to retroactively suspend liquidation for these "China-wide" companies back to 90 days before this preliminary determination, i.e. June 10.
AD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from China produced and exported by all companies except those that get the China-wide rate that are entered, or withdrawn from warehouse, for consumption on or after Sept. 8. For the China-wide rate companies, it will direct CBP to suspend liquidation and collect cash deposits beginning with entries on June 10. The preliminary AD cash deposit rates for Chinese companies are as follows:
| Exporter | AD Rate |
| Rizhao Steel Wire Co., Ltd. | 106.19% |
| Hunan Valin Xiangtan Iron & Steel Co., Ltd. | 106.19% |
| Jiangsu Shagang International Trade Co., Ltd. | 106.19% |
| Jiangsu Shagang International Trade Co., Ltd. | 106.19% |
| Jiangsu Shagang International Trade Co., Ltd. | 106.19% |
| Jiangsu Shagang International Trade Co., Ltd. | 106.19% |
| Jiangsu Shagang International Trade Co., Ltd. | 106.19% |
| Jiangsu Shagang International Trade Co., Ltd. | 106.19% |
| China-wide entity* | 110.25% |
*The China-wide entity includes all producer-exporter combinations not named above, including the following companies: Benxi Beiying Iron and Steel Group Imp. and Exp. Corp. Ltd., 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 period of investigation is 07/01/13 - 12/31/13. See Commerce's notice for more information, including the scope, suspension of liquidation, detailed cash deposit instructions, etc. See 14022622 for summary of initiation of this investigation, and 14020323 for the underlying petition.)
AD/CVD Operations contact -- Brian Smith (202) 482-1766
(Federal Register 09/08/14)