US Department of Commerce on May 17 announced its affirmative final determinations in the antidumping duty and countervailing duty investigations on imports of prestressed concrete steel wire strand from the People’s Republic of China.

In the AD case Commerce determined that Chinese producers/exporters have sold PC Strand in the United States at 42.97 to 193.55%.

The mandatory respondent, Xinhua Metal Products Co., Ltd received a final dumping rate of 175.94%. The voluntary respondent Wuxi Jinyang Metal Products Co received a final dumping rate of 42.97%. Also, in this investigation, Fasten Group Import & Export has qualified for a separate rate of 175.94%.
All other Chinese producers/exporters will receive a final dumping rate of 193.55%.

In the CVD case, Commerce determined that Chinese producers/exporters of PC Strand have received net countervailable subsidies ranging from 8.85% to 45.85%.

Mandatory respondents, Fasten Group Import & Export Co., Ltd. and Xinhua Metal Products Co (Xinhau) received final subsidy rates of 8.85% and 45.85%, respectively. All other producers/exporters received a subsidy rate of 27.35%.

As a result of these determinations, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these final rates, adjusted for export subsidies found in the final determination of the companion CVD investigation.

Fasten Group received an export subsidy rate of .09%, Xinhua Metal received an export subsidy of .20%and all other exporters received an export subsidy of .055%.

Accordingly, Commerce will instruct CBP to collect an antidumping duty cash deposit or bonding rate of 175.85% for Fasten I&E, 175.74% for Xinhua Metal and 42.42% for WJMP.

The petitioners for these investigations are American Spring Wire Corp, Insteel Wire Products Company and Sumiden Wire Products Corp.