OCTG: Prelim AD Cash Deposit Rates Take Effect for Argentina, Mexico, Russia
The Commerce Department made preliminary affirmative antidumping duty determinations that imports of oil country tubular goods from Argentina (A-357-824), Mexico (A-201-856) and Russia (A-821-833) are being sold in the U.S. at less than fair value. The agency will impose AD duty cash requirements retroactively on entries of subject merchandise from Russia beginning May 11, 2022. For Argentine and Mexican exporters, suspension of liquidation and cash deposit requirements take effect Feb. 10, 2022.
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Commerce is also conducting a countervailing duty investigation on OCTG from Russia, setting CV rates ranging from 1.37% to 1.68% for Russian companies in a preliminary determination issued in March (see 2203110063). Suspension of liquidation for CV purposes took effect for Russian companies March 14, 2022. Commerce also issued a negative preliminary CV duty determination on South Korea, so no CV duty cash deposit requirements are currently in effect for that country.
Cash Deposits Retroactive 90 Days for All Argentine, Mexican Companies
Commerce made a finding that all exporters of OCTG from Argentina and Mexico increased their exports to the U.S. in the months before the preliminary determination. This “critical circumstances” finding by the agency allows it to retroactively require AD duty cash deposits for subject merchandise from all Argentine and Mexican companies 90 days before the preliminary determination, i.e., Feb. 10, 2022. For Russian companies, AD duty cash deposit requirements take effect May 11, though suspension of liquidation is already in effect for all Russian companies as of March 14 per the concurrent CV duty investigation.
AD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for AD duty purposes for all entries of subject merchandise that are entered, or withdrawn from warehouse, on or after the dates listed in the tables below, and require cash deposits at the following rates (liquidation is already suspended pursuant to the concurrent CV duty investigations):
Argentina
| Exporter/Producer | AD Rate | Sus. Liq. |
|---|---|---|
| Siderca S.A.I.C. | 76.43% | 02/10/22 |
| All Others | 76.43% | 02/10/22 |
Mexico
| Exporter/Producer | AD Rate | Sus. Liq. |
|---|---|---|
| Tubos de Acero de Mexico, S.A. | 69.56% | 02/10/22 |
| All Others | 69.56% | 02/10/22 |
Russia
| Exporter/Producer | AD Rate | Adjusted* | Sus. Liq. |
|---|---|---|---|
| JSC Vyksa Steel Works | 11.82% | 11.35% | 05/11/22 |
| Volzhsky Pipe Plant, Joint Stock Company / Public Joint-Stock Company Trubnaya Metallurgicheskaya Kompaniya / Sinarsky Pipe Plant, Joint Stock Company / Seversky Pipe Plant, Joint Stock Company / Taganrog Metallurgical Plant, Joint Stock Company / Pervouralsk Pipe Plant, Joint Stock Company / Chelyabinsk Pipe Plant, Joint Stock Company / Orsky Machine Building Plant, Joint Stock Company | 121.11% | 121.11% | 05/11/22 |
| All Others | 70.49% | 70.27% | 05/11/22 |
*As adjusted for export subsidies found in Commerce's concurrent CV duty investigation. This rate is currently in effect for cash deposit purposes, and will remain in effect while Commerce is collecting CV duty cash deposits. If the “provisional measures” period in the CV duty investigation expires, the rate in the “AD Rate” column will take effect for cash deposit purposes, until such time that CV duty collection resumes.
(The period of investigation is 10/01/20 - 09/30/21. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2111010042 for a summary of the initiation of this AD duty investigation.)