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US DOC to continue AD order on stainless steel bar from certain countries
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Saturday, 11 Aug 2012
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The US Department of Commerce has announced that, as a result of the affirmative determinations by the DOC and the US International Trade Commission in their respective sunset reviews, the antidumping orders on stainless steel bar from Brazil, India, Japan, and Spain will be continued for a further period of five years.

Also, the US DOC announced the preliminary results of its administrative review of the antidumping order on cut to length carbon steel plate from China.

The review covers four Chinese producers and exporters namely Anshan Iron & Steel Group; Baoshan International Trade Corporation/ Bao Steel Metals Trading Corporation; Hunan Valin Xiangtan Iron & Steel Co Limited and China Metallurgical Import and Export Liaoning Company during the period from November 1st 2010 through October 31st 2011.

The US DOC has preliminarily determined that Baoshan and Hunan Valin did not have any reviewable transactions during the period of review. If the DOC makes the same determination in its final results, then the review will be rescinded for these two companies. Currently, the dumping duty deposit rates are 30.51% for Baoshan and 0.00% for Hunan Valin.

US DOC has also preliminarily determined that Anshan and Liaoning failed to establish their eligibility for separate rate status, which means if this determination is confirmed in the DOC's final results, these companies will be assigned the China wide dumping margin of 128.59%. Currently, the dumping duty deposit rates are 30.68% for Anshan and 128.59% for Liaoning.

US DOC plans to complete this review and issue its final results by December 2012. Until that time, the current dumping duty deposit rates will remain in effect.

Source - Visit www.steelorbis.com for more

(www.steelguru.com)

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