Steel Nails: Commerce Sets Final CV Duties for India, Sri Lanka, Oman and Turkey, Not Thailand
The Commerce Department issued its final determinations in its countervailing duty investigations on steel nails from India (C-533-905), Sri Lanka (C-542-805), Oman (C-523-817) and Turkey (C-489-847). Changes to cash deposit rates set in this final determination take effect Aug. 22, the date this final determination is to be published in the Federal Register.
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Commerce also found no illegal subsidization in its final countervailing duty determination on steel nails from Thailand (C-549-845), so suspension of liquidation is still not in effect and CV duty cash deposits will still not be required for imports of steel nails from Thailand, and Commerce will terminate its CV duty investigation without issuing a CV duty order.
The next step is for the International Trade Commission to make its final injury determination, currently scheduled for Sept. 29, according to a Commerce fact sheet. If the ITC finds injury, Commerce will issue a CV duty order and duties will be made permanent. If the ITC finds no injury, the investigation will be terminated and all cash deposits will be refunded.
Commerce also is conducting concurrent antidumping duty investigations on steel nails from India, Sri Lanka, Thailand and Turkey, setting AD duty cash deposit rates ranging from zero to 1.24% for Indian exporters (as adjusted for CV duties), 22% to 37.6% for Turkish exporters (also as adjusted) and 17.12% to 65.87% for Thai exporters, in preliminary determinations issued Aug. 4 (see 2208080018). The agency also preliminarily found no dumping by Sri Lankan exporters, and did not impose AD duty cash deposit requirements.
Estimated CV Cash Deposit Rates
Commerce will instruct CBP to continue to suspend liquidation for CV duty purposes and to collect cash deposits for subject merchandise entered on or after June 7, the date it published its preliminary CV duty determination, and set cash deposit rates as follows, beginning Aug. 22 (unchanged from preliminary rates for India, Sri Lanka and Oman):
India
| Company | CV Rate |
|---|---|
| Astrotech Steels Pvt. Ltd | 2.93% |
| Geekay Wires Ltd. | 2.73% |
| All Others | 2.85% |
Sri Lanka
| Producer/Exporter | CV Rate |
|---|---|
| Trinity Steel Private Ltd. | 4.12% |
| All Others | 4.12% |
Turkey
| Producer/Exporter | CV Rate |
|---|---|
| Aslanbas Civi Tel Ve Celik Hasir San A.S. | 3.88% |
| Sertel Vida Metal A.S. | 1.52% |
| All Others | 1.86% |
Oman
| Producer/Exporter | CV Rate |
|---|---|
| Oman Fasteners LLC | 2.49% |
| All Others | 2.49% |
(The period of investigation is 04/01/20 - 03/31/21 for India, and 01/01/20 - 12/31/20 for Oman, Sri Lanka, Thailand and Turkey. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2206070023 for a summary of the preliminary determinations in these investigations.)