China Steel Wheels: CV Preliminary Affirmative Determination Announced
On August 30, 2011, the International Trade Administration issued a Fact Sheet announcing its preliminary affirmative countervailing duty determination for certain steel wheels from China (C-570-974). The preliminary determination found countervailable subsidies ranging from 26.24% to 46.59%. ITA will be instructing U.S. Customs and Border Protection to require CV cash deposits or bonds, at the listed rates, effective on the date this preliminary determination is published in the Federal Register, which is expected soon.
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The CV final determination is due in January 2012. The petitioners are two domestic steel wheel producers. (See ITT's Online Archives or 06/08/11 ITT news, 11060831, for most recent prior BP summary on this case.)