US DOC Extends CVD on PC Strand Imports from China

The US Department of Commerce has announced the final results of the second sunset review on the countervailing duty order on prestressed concrete
US DOC Extends CVD on PC Strand Imports from China
PC StrandYou Tube

The US Department of Commerce has announced the final results of the second sunset review on the countervailing duty order on prestressed concrete steel wire strand from China. The DOC found that revocation of the countervailing duty order would be likely to lead to continuation or recurrence of the subsidy. The final subsidy rates are at 9.42%for Fasten Companies (Fasten Group Corporation, Fasten Group Import & Export Co Ltd, Jiangyin Hongsheng Co Ltd, Jiangyin Fasten Steel Products Co Ltd, Jiangyin Hongyu Metal Products Co Ltd and Jiangyin Walsin Steel Cable Co Ltd), 45.85% for Xinhua Companies (Xinhua Metal Products Company Ltd, Xinyu Iron and Steel Joint Stock Limited Company and Xingang Iron and Steel Joint Stock Limited Liability Company) and 27.64% for all others.

The second sunset review was initiated on September 1, 2020.

PC strand is steel wire strand, other than of stainless steel, which is suitable for use in, but not limited to, pre-stressed concrete (both pre-tensioned and post-tensioned) applications. The scope of the Order encompasses all types and diameters of PC strand whether uncoated (uncovered) or coated (covered) by any substance, including but not limited to, grease, plastic sheath, or epoxy. This merchandise includes, but is not limited to, PC strand produced to the American Society for Testing and Materials A-416 specification, or comparable domestic or foreign specifications. PC strand made from galvanized wire is excluded from the scope if the zinc and/or zinc oxide coating meets or exceeds the 0.40 oz./ft2 standard set forth in ASTM-A-475.

The PC strand subject to the Order is currently classifiable under subheadings 7312.10.3010 and 7312.10.3012 of the Harmonized Tariff Schedule of the United States

Related Stories

SteelGuru Business News
www.steelguru.com