CVD Investigations of Cold-Rolled Steel Products

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CVD Investigations of Cold-Rolled Steel Products – Effective Dates of DOC’s Preliminary Determinations

The U.S. Department of Commerce (DOC) published its preliminary determinations in the countervailing duty (CVD) investigations of cold-rolled steel products from Brazil, China, India, Korea, and Russia in today’s issue of the Federal Register.

Accordingly, the DOC will instruct U.S. Customs and Border Protection (CBP) to require the deposit of estimated CVD duties on imports of cold-rolled steel products from Brazil, India, and Russia (except Severstal), effective Tuesday, December 22, 2015.

With respect to imports from China, the DOC made a preliminary finding of critical circumstances with respect to Angang Group Hong Kong Co., Ltd.; Benxi Iron and Steel (Group) Special Steel Co., Ltd.; and Qian’an Golden Point Trading Co., Ltd. – but not with respect to all other Chinese producers/exporters. Accordingly, the DOC will instruct CBP to collect the preliminary CVD duties on the three named companies for imports that were entered on or after September 23, 2015 (which is 90 days prior to the publication date of the preliminary CVD determinations).

With respect to imports from Korea, no CVD duties will be required because the DOC made negative preliminary determinations for the two mandatory respondents in the CVD investigation of Korea. This result applies to all Korean producers and exporters of cold-rolled steel products. Nevertheless, the DOC will continue its CVD investigation of Korea and issue a final determination.

The DOC is currently scheduled to make its final CVD determinations in these investigations on May 9, 2016. However, this date could be extended to July 7, 2016.

For your reference, the DOC calculated the following preliminary CVD determinations:

(1) Brazil

(a) Companhia Siderurgica Nacional (CSN) – 7.42%

Effective for imports entered on or after December 22, 2015.

(b) Usinas Siderurgicas de Minas Gerais (Usiminas) – 7.42%

Effective for imports entered on or after December 22, 2015.

(c) All Other Brazilian Producers/Exporters – 7.42%

Effective for imports entered on or after December 22, 2015.

(2) China

(a) Angang Group Hong Kong Co., Ltd. – 227.29%

Effective for imports entered on or after September 23, 2015.

(b) Benxi Iron and Steel (Group) Special Steel Co., Ltd. – 227.29%

Effective for imports entered on or after September 23, 2015.

(c) Qian’an Golden Point Trading Co., Ltd. – 227.29%

Effective for imports entered on or after September 23, 2015.

(d) All Other Chinese Producers/Exporters – 227.29%

Effective for imports entered on or after December 22, 2015.

(3) India

(a) JSW Steel Limited and JSW Coated Products Limited – 4.45%

Effective for imports entered on or after December 22, 2015.

(b) All Other Indian Producers/Exporters – 4.45%

Effective for imports entered on or after December 22, 2015.

(4) Korea

(a) Hyundai Steel Co., Ltd. – 0.61% (de minimis)

No CVD deposits required.

(b) POSCO/Daewoo International Corporation – 0.18% (de minimis)

No CVD deposits required.

(c) All Other Korean Producers/Exporters

No CVD deposits required.

(5) Russia

(a) Novolipetsk Steel OJSC (NLMK) and its affiliated companies – 6.33%

Effective for imports entered on or after December 22, 2015.

(b) PAO Severstal and its affiliated companies – 0.01% (de minimis)

No CVD deposits required.

(c) All Other Russian Producers/Exporters – 6.33%

Effective for imports entered on or after December 22, 2015.

Please let us know if you have any questions.

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