China Galvanized Steel Wire: Preliminary CV Rates Begin
The International Trade Administration has issued its preliminary affirmative countervailing duty determination for galvanized steel wire from China (C-570-976), which sets the estimated CV cash deposit/bond rates for the four listed respondents and "All Others". These rates, which are officially effective for subject merchandise with a time of entry on or after September 6, 2011, as well as the suspension of liquidation, are expected to be implemented by CBP soon.
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Preliminary CV Cash Deposit/Bond Rates
| Listed Companies as "Producer and Exporter" and All Others Rate | Estimated CV Rate |
| Tianjin Huayuan Metal Wire Products Co., Ltd.; Tianjin Tianxin Metal Products Co., Ltd.; and Tianjin Mei Jia Hua Trade Co., Ltd. (collectively, the Huayuan Companies) | 48.81% |
| M&M Industries Co. Ltd. | 48.90% |
| Shanghai Bao Zhang Industry Co. Ltd.; Anhui Bao Zhang Metal Products Co., Ltd.; and Shanghai Li Chao Industry Co., Ltd. (collectively, the Bao Zhang Companies) | 21.59% |
| Shandong Hualing Hardware and Tool Co., Ltd. (Shandong) | 253.07% |
| All Others Rate | 44.46% |
(See ITA’s notice for more information, including the alignment of this CV investigation with its companion antidumping duty investigation; the scope of the investigation and that the ITA will address the scope comments before the AD preliminary determination; the complete CV estimated cash deposit/bond instructions, including the AFA rate for Shandong; etc.
See ITT's Online Archives or 08/31/11 news, 11083112, for BP summary of the announcement of this determination. See ITT’s Online Archives or 08/04/11 news, 11080407, for BP summary of the ITA's postponement of the companion AD investigation to October 27, 2011.)
ITA contact -- Nicholas Czajkowski (202) 482-1395
(FR Pub 09/06/11, C-570-976)