On Tuesday, July 23, the U.S. Department of Commerce announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of carbon and alloy steel threaded rod from China and India, finding that exporters received countervailable subsidies ranging .89 percent and 6.07 to 155.03 percent, respectively.
Based on these preliminary determinations, the Department of Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of carbon and alloy steel threaded rod from China and India based on these preliminary rates.
The merchandise covered by the scope of these investigations is carbon and alloy steel threaded rod. Steel threaded rod is certain threaded rod, bar, or studs, of carbon or alloy steel, having a solid, circular cross section of any diameter, in any straight length. Steel threaded rod is normally drawn, cold-rolled, threaded, and straightened, or it may be hotrolled. In addition, the steel threaded rod, bar, or studs subject to these investigations are non-headed and threaded along greater than 25 percent of their total actual length. A variety of finishes or coatings, such as plain oil finish as a temporary rust protectant, zinc coating (i.e., galvanized, whether by electroplating or hot-dipping), paint, and other similar finishes and coatings, may be applied to the merchandise.
Click HERE for a fact sheet on the July 23, 2019 decision.
Source: U.S. Department of Commerce