Commerce to Require AD Duty Cash Deposits on Corrosion Resistant Steel
The Commerce Department will require cash deposits of estimated antidumping duties on corrosion-resistant steel products from China, India, Italy and South Korea, but will not at this time require cash deposits on corrosion-resistant steel products from Taiwan, it said in an Dec. 22 fact sheet announcing its preliminary AD duty determinations (here). Rates are 255.8% for all Chinese exporters, and range from 6.64% to 6.92% for India, zero to 3.11% for Italy, and 2.99% to 3.51% for South Korea. Commerce may adjust these rates for export subsidies found in its concurrent countervailing duty investigations.
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Suspension of liquidation and cash deposit requirements will be retroactive to 90 days before the publication date of Commerce's preliminary determination for some companies from China and South Korea. Cash deposit requirements for all other companies take effect upon publication of the preliminary determination.