Corrosion-Resistant Steel: Prelim CVD Cash Deposit Rates Take Effect for 4 Countries
Suspension of liquidation and countervailing duty cash deposit requirements take effect Feb. 10 for imports of corrosion-resistant steel products from Brazil (C-351-863), Canada (C-122-872), Mexico (C-201-864) and Vietnam (C-552-844), after the Commerce Department found countervailable subsidization in preliminary determinations in its ongoing CVD investigations.
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Commerce calculated a zero percent or de minimis CVD rate for one exporter each in its preliminary determinations for Brazil (Usinas Siderúgucas de Minas Gerais and its affiliates) and Mexico (Galvasid), and two exporters in its preliminary determination for Vietnam (Hoa Sen Group and Ton Dong A). As a result, Usinas, Galvasid, Hoa Sen and Tong Dong A will not be subject to CVD duty cash deposit requirements until further notice. If Commerce continues to set a zero rate for any of these three companies in its final determinations, any merchandise both produced and exported by each respective company will be exempt from any CVD duty order issued in connection with this investigation.
Commerce also is conducting concurrent antidumping duty investigations on corrosion-resistant steel products from Brazil, Canada, Mexico and Vietnam, as well as AD investigations on the same product from Australia, the Netherlands, South Africa, Taiwan, Turkey and the United Arab Emirates, with Commerce's preliminary AD determinations currently due April 3.
CVD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for CVD purposes for all entries of subject merchandise from Brazil, Canada, Mexico and Vietnam (except for merchandise from companies that received zero percent rates) that are entered, or withdrawn from warehouse, for consumption on or after Feb. 10. It will require CVD cash deposits at the following rates:
Brazil
| Company | CVD Rate |
|---|---|
| Companhia Siderúrgica Nacional; CSN Mineração S.A.; Companhia Energetica Chapeco; Companhia Estadual de Geração de Energia Elétrica | 1.72% |
| Usinas Siderúgucas de Minas Gerais S.A.12; Mineração Usiminas S.A.; Usiminas Mecânica S.A; Unigal Ltda.; Ternium Brasil Ltda. | zero |
| All Others | 1.72% |
Canada
| Company | CVD Rate |
|---|---|
| ArcelorMittal Dofasco Inc./ArcelorMittal Canada Holdings Inc./ArcelorMittal Canada Inc./ArcelorMittal Canada MP Inc./ArcelorMittal Long Products Canada G.P./ArcelorMittal Mining Canada GP/ArcelorMittal Exploitation Miniere Canada s.e.n.c./ArcelorMittal Coteau-du-Lac Limited Partnership | 1.21% |
| Stelco, Inc. | 1.4% |
| Nova Steel | 41.4% |
| All Others | 1.22% |
Mexico
| Company | CVD Rate |
|---|---|
| Ternium Mexico, S.A. de C.V. | 1.56% |
| Galvasid S.A. de C.V. | zero |
| All Others | 1.56% |
Vietnam
| Company | CVD Rate |
|---|---|
| Hoa Sen Group/Hoa Sen Nghe An One Member Limited Liabilities Company/Hoa Sen Phu Nhon Hoi-Binh Dinh One Member Limited Liability Company/Hoa Sen Phu My One Member Limited Liabilities Company/Hoa Sen Steel One Member Company Limited | zero |
| Ton Dong A Corporation | zero |
| 190 Steel Pipe Co Ltd. | 140.05% |
| Vietnam Germany Steel JSC | 140.05% |
| Vietnam Steel Pipe Co., Ltd | 140.05% |
| Vina One Steel Manufacturing Corporation | 140.05% |
| VNSTEEL – Thang Long Coated Sheets Joint Stock Company | 140.05% |
| VNSTEEL – Vietnam Steel Corp | 140.05% |
| All Others | 46.73% |
(The period of investigation is 01/01/23 - 12/31/23. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2410010026 for a summary of the initiation of these CVD investigations, including deadlines and scope information.)