U.S. Sets Penalties on Imports of Chinese Concrete Steel Wire Strand

(Xinhua/CRI English)

The U.S. Commerce Department said on Monday that it has made affirmative final determinations in the antidumping duties (AD) and countervailing duty (CVD) investigations on imports of prestressed concrete steel wire strand (PC Strand) from China.

The department said in a statement that in the AD case, it “determined that Chinese producers/exporters have sold PC Strand in the United States at 42.97-193.55 percent.”

In the CVD case, the department determined that Chinese producers/exporters of PC Strand have received net countervailable subsidies ranging from 8.85-45.85 percent.

As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates. Read more here.