The US Department of Commerce announced today, May 8, the initiation of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine if pre-stressed concrete steel wire strand (PC strand) from Argentina, Colombia, Egypt, Indonesia, Italy, Malaysia, the Netherlands, Saudi Arabia, South Africa, Spain, Taiwan, Tunisia, Turkey, Ukraine, and the United Arab Emirates is being sold in the US at less than fair value.
In the CVD investigation regarding Turkey, the DOC will determine whether Turkish producers of PC strand are receiving unfair government subsidies. There are 21 subsidy programs alleged for Turkey, including tax programs, government provision of goods for less than adequate remuneration, import substitution subsidies, grants, and government-provided loans for less than adequate remuneration.
The ITC will make its preliminary determinations by June 1, 2020. If the ITC preliminarily finds that there is injury or threat of injury, then the DOC’s investigations will continue, with the preliminary CVD determinations scheduled for July 10, 2020, and preliminary AD determinations scheduled for September 23, 2020, unless these deadlines are extended.
The final determinations by the DOC in these cases are scheduled for September 23, 2020 for the CVD investigation and for December 7, 2020, for the AD investigations, but these dates may be extended.
The alleged AD margin rate
The United Arab Emirates