Cold-Rolled Steel: Retroactive Prelim AD Cash Deposit Rates Take Effect for Russia
The Commerce Department made preliminary affirmative antidumping duty determination that cold-rolled steel flat products from Russia (A-421-822) (here) are being sold in the U.S. at less than fair value. Having found "critical circumstances" for all Russian exporters, the agency will impose retroactive AD duty cash requirements on entries of subject merchandise beginning on Dec. 9.
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Commerce suspended liquidation and imposed countervailing duty cash deposit requirements on cold-rolled steel flat products from Russia in a CV preliminary determination issued in December (see 1512210017). Commerce also published its notices of preliminary affirmative AD/CV duty determinations on cold-rolled steel from China, India, Brazil, Japan, South Korea and the United Kingdom on March 7 (see 1603040022).
Critical Circumstances for All, Cash Deposits Retroactive 90 Days
Commerce made a finding that all companies in Russia increased their exports to the U.S. in the months before this the preliminary determination, in an attempt to get in as much product as possible before the imposition of cash deposit requirements. This "critical circumstances" finding by the agency allows it to retroactively suspend liquidation and require AD duty cash deposits for subject merchandise for some companies to 90 days before the preliminary determination, i.e. Dec. 9, 2015.
AD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise that are entered, or withdrawn from warehouse, on or after the dates listed in the tables below, and require cash deposits at the following rates (these rates are not adjusted for any export subsidies found in Commerce's CV duty preliminary determination because Commerce found none):
| Company | AD Rate | Sus. Liq. |
|---|---|---|
| Severstal Export GmbH and PAO Severstal | 12.62% | 12/09/15 |
| Novex Trading (Swiss) SA and Novolipetsk Steel OJSC | 16.89% | 12/09/15 |
| All Others | 14.76% | 12/09/16 |
(The period of investigation is 07/01/14 - 06/30/15. See Commerce's notice for more information, including the scope, suspension of liquidation, etc. See 1508210011 for summary of the initiation of this AD duty investigation, and 1508120013 for summary of the underlying petition.)
(Federal Register 03/08/16)