The International Trade Administration issued the preliminary results of its new shipper review of the antidumping duty order on seamless refined copper pipe and tube from Mexico (A-201-838), which preliminarily finds an estimated cash deposit rate of zero for Golden Dragon1 as manufacturer/exporter. These preliminary results are not in effect. The ITA may modify them in the final results of this review and change the estimated AD cash deposit rate for this company.
Q1 sales at Arris Group gained 13 percent from a year earlier to $302.9 million, according to preliminary and unaudited results published by the company Wednesday. “The investment strategy of the past few years is now paying off,” said CEO Bob Stanzione. The company expects sales between $330 and $350 million during Q2 and higher adjusted net income per share, chief financial officer David Potts said.
The Census Bureau announced that preliminary March steel imports were $3 billion (2.6 million metric tons compared to the preliminary February totals of $2.8 billion (2.4 million metric tons). According to Census, the March change in steel imports based on metric tonnage reflected an increase primarily in blooms, billets and slabs. An increase occurred primarily with Mexico; a decrease occurred primarily with India.
The International Trade Administration is publishing notices in the April 24, 2012, Federal Register on the following AD/CV proceedings (any notices that announce changes to AD/CV duty rates, the scope, affected firms, or effective dates will be detailed in another ITT article):
The International Trade Administration issued the final results of its administrative review of the antidumping duty order on stainless steel butt-weld pipe fittings from Italy (A-475-828) which sets an AD cash deposit rate of zero for one manufacturer/exporter and finds that another manufacturer had no shipments during the period of review1. This rate, which is effective April 24, 2012, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Administration issued the final results of the administrative review of the antidumping duty order on citric acid and certain citrate salts from Canada (A-122-853), which sets an AD cash deposit rate for one manufacturer/exporter. This rate, which is effective April 24, 2012, is expected to be implemented by U.S. Customs and Border Protection soon.
The International Trade Commission determined that a U.S. industry is not materially injured or threatened with material injury by reason of imports of galvanized steel wire from China that the International Trade Administration has determined are subsidized and imports from China and Mexico that the ITA has determined are sold in the U.S. at less than fair value.
The government of Canada issued the following trade-related notices for April 23, 2012 (note that some may also be given separate headlines)
Verizon’s apparent willingness to divest some of its 700 MHz assets in exchange for getting U.S. approval to buy AWS spectrum from four cable operators (CD April 19 p1) reinforces the value of Dish Network’s 2 GHz spectrum, Wells Fargo analyst Marci Ryvicker wrote investors. While Verizon’s decision to sell its 700 MHz A and B spectrum licenses would make additional spectrum available, “we believe weakness in Dish’s stock … was overdone and that the spectrum remains just as valuable,” the analyst said: The A-block has known interference issues with TV stations, “meaning it’s not fully usable until the FCC cleans up the broadcast spectrum, which could take up to a decade.” The news reinforces the value of AWS spectrum, Ryvicker said. Verizon likely decided to make the trade because it “has obtained all of the reach it needs,” she said. Throughput is likely needed to make a larger chunk of nationwide AWS spectrum better suited for LTE Advanced deployment, she said. “This is an important point as the FCC has already begun the preliminary steps to reclassify Dish’s 40 MHz of 2 GHz spectrum as AWS.”
The International Trade Commission is publishing notices in the April 20, 2012, Federal Register on the following AD/CV injury, Section 337 patent, and other trade proceedings (any notices that warrant a more detailed summary will appear in another ITT article):