The U.S. Department of Commerce (DOC) has released the final results of the accelerated third review of the Countervailing Duty Order (CVD) for prestressed Concrete steel wire (PC strand) from China, determining that the revocation of the order is likely to result in continued or repeated countervailing measures. subsidies.
The net compensation subsidy rates that are likely to apply in the event of cancellation of the order are 9.42 percent for Fasten Companies, which include Fasten Group Corporation, Fasten Group Import & Export Co., Ltd., Jiangyin Hongsheng Co., Ltd., Jiangyin Fasten Steel Products Co., Ltd., Jiangyin Hongyu Metal Products Co., Ltd. and Jiangyin Walsin Steel Cable Co., Ltd., 45.85% owned by Xinhua companies, which include Xinhua Metal Products Company, Xinyu Iron and Steel Joint Stock Company Limited Liability Company" and "Singan Iron and Steel Limited Liability Company". Companies, and 27.64 percent for all others.
The relevant products are presented in subheadings 7312.10.3010 and 7312.10.3012 of the United States Harmonized Tariff Schedule (HTSUS).
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