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U.S. investigations of imported carbon and alloy steel threaded rod

U.S. investigations of carbon, alloy steel threaded rod

The U.S. Commerce Department today announced it has started new antidumping duty (AD) and countervailing duty (CVD) investigations to determine if carbon and alloy steel threaded rod from China, India, Taiwan, and Thailand is being sold in the United States at less than fair value. Commerce also will consider whether producers of carbon and alloy steel threaded rod in China and India are receiving unfair subsidies.

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As noted in today’s release, if Commerce makes an affirmative finding in these investigations, and if the U.S. International Trade Commission (ITC) determines that dumped and/or unfairly subsidized U.S. imports of carbon and alloy steel threaded rod from China, India, Taiwan, and/or Thailand, are causing injury to the U.S. industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist.

During Commerce’s investigations, the ITC will conduct its own investigations as to whether the U.S. industry and its workforce are being harmed by these imports. The ITC will make its preliminary determinations on or before April 8, 2019.

  • If the ITC preliminarily finds that there is injury or threat of injury, then Commerce’s investigations will continue, with the preliminary CVD determinations scheduled for May 17, 2019, and preliminary AD determinations scheduled for July 31, 2019, unless these deadlines are extended.
  • If Commerce preliminarily determines that dumping and/or unfair subsidization is occurring, then it will instruct U.S. Customs and Border Protection to start collecting cash deposits from all U.S. companies importing carbon and alloy steel threaded rod from China, India, Taiwan, and Thailand.

Final determinations by Commerce in these cases are scheduled for July 31, 2019, for the CVD investigations, and October 15, 2019, for the AD investigations, but those dates may be extended. If Commerce finds that products are not being dumped and/or unfairly subsidized, or the ITC finds in its final determinations that there is no harm to the U.S. industry, then the investigations will be terminated and no duties will be applied.

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner and Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
T: 212-954-3094
E: labad@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117
E: rwaldrop@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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