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US extended countervailing duties on China's steel wire rod
Apr 2,2020 11:49CST
industry news
Source:SMM
The US will continue to levy countervailing duties on carbon and certain alloy steel wire rod from China, according to the final determination on the first five-year sunset review on the CVD order by the Department of Commerce released on March 30.

SHANGHAI, Apr 2 (SMM) – The US will continue to levy countervailing duties on carbon and certain alloy steel wire rod from China, according to the final determination on the first five-year sunset review on the CVD order by the Department of Commerce released on March 30.

 

The Commerce Department made the decision out of concerns that revocation of the CVD order on carbon and certain alloy steel wire rod from China would likely lead to continuation or recurrence of countervailable subsidies.

 

The products subject to the duties are currently classifiable under subheadings 7213.91.3011, 7213.91.3015, 7213.91.3020, 7213.91.3093; 7213.91.4500, 7213.91.6000, 7213.99.0030, 7227.20.0030, 7227.20.0080, 7227.90.6010, 7227.90.6020, 7227.90.6030, and 7227.90.6035 of the HTSUS. Products entered under subheadings 7213.99.0090 and 7227.90.6090 of the HTSUS also may be included in this scope if they meet the physical description.

 

The Commerce Department initiated the sunset review in December 2012, about five years after it imposed the duties. The department launched the anti-dumping and countervailing investigation into carbon and certain alloy steel wire rod from China in February 2014, in response to a petition filed by ArcelorMittal USA based in the state of Illinois and five other US companies.

 

A sunset review is a re-evaluation of the existing anti-dumping or countervailing regulation. According to the Uruguay Round Agreement Act, the anti-dumping or countervailing duty order should be revoked unless the revocation is likely to lead to a recurrence of material injuries.

Aountervailing duties
Steel
Steel wire rod

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