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US DoC Rulings in Corrosion-Resistant Steel Products Imports

Steel News - Published on Thu, 20 Feb 2020

Image Source: investopedia.com
US Department of Commerce announced on February 10th affirmative preliminary circumvention rulings involving imports of certain corrosion-resistant steel products made with substrate from the People’s Republic of China and Taiwan. Commerce preliminarily determined that Chinese steel substrate shipped to Costa Rica, Malaysia, and the United Arab Emirates for minor processing, and then exported to the United States as CORE, is circumventing the antidumping duty and countervailing duty orders on CORE from China. Similarly, Commerce preliminarily determined that Taiwanese steel substrate shipped to Malaysia for minor processing, and then exported to the United States as CORE, is circumventing the AD order on CORE from Taiwan. Accordingly, Commerce will instruct US Customs and Border Protection to collect AD and CVD cash deposits on imports of CORE completed in Costa Rica, Malaysia, and the UAE using China-origin substrate, as well as imports of CORE completed in Malaysia using Taiwan-origin substrate.

The cash deposit rates will be equal to the rates previously established for CORE from China and Taiwan, as applicable. Suspension of liquidation and cash deposit requirements will apply to unliquidated entries on or after August 12, 2019 (the date on which Commerce initiated these circumvention inquiries).

Commerce also announced negative preliminary circumvention rulings regarding CORE exported from Guatemala and South Africa, finding that this is not made with Chinese substrate.

Shipments of CORE from Costa Rica, Guatemala, Malaysia, South Africa, and the UAE to the United States increased in value by 29,210 percent, 35,944 percent, 151,216 percent, 629 percent, and 5,571 percent, respectively, comparing import data from the 45-month period before and after the initiations of the original AD/CVD investigations on Chinese and Taiwanese CORE.

Source :

Posted By : Rabi Wangkhem on Thu, 20 Feb 2020
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