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Jiangsu-based steel mill wins from USA's final CVD investigation determination
2018-09-04 17:34:19 【Print】
The Department of Commerce of USA (Commerce) levied heavy countervailing duty (CVD) and anti-dumping duty (AD) on China's special steel mills. Tiangong International Company Limited located in Zhenjiang of Jiangsu won from USA's CVD investigation through counterplead.
USA previously initiated CVD and AD investigations on China's special steel mills. And Commerce issued on January 17, 2017 that it would levy additional AD of 68.27% and additional CVD of 251% on China's steel exported to USA, which meant that steel exports to USA from China would be levied the special tariffs of 319.27%.
On April 19, 2017, Tiangong International submitted application to accelerate the CVD review investigation through local lawyer, and Commerce announced on May 22, 2017 that it would speed up the CVD review investigation. With 15-month efforts, USA determined that CVD rate imposed on Tiangong International decreased from 251% to 24.04%. As a result, Tiangong International and EU became equal in USA market.
Xu Shaoqi, the director of Law Department under Tiangong International said that the company would continue to lodge annual administrative review of AD, struggling to make the AD of 68.27% sharply decline to a reasonable range, finally realize the goal stably expanding shares of USA market and actively deal with Section 232 and 301 investigations.
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USA previously initiated CVD and AD investigations on China's special steel mills. And Commerce issued on January 17, 2017 that it would levy additional AD of 68.27% and additional CVD of 251% on China's steel exported to USA, which meant that steel exports to USA from China would be levied the special tariffs of 319.27%.
On April 19, 2017, Tiangong International submitted application to accelerate the CVD review investigation through local lawyer, and Commerce announced on May 22, 2017 that it would speed up the CVD review investigation. With 15-month efforts, USA determined that CVD rate imposed on Tiangong International decreased from 251% to 24.04%. As a result, Tiangong International and EU became equal in USA market.
Xu Shaoqi, the director of Law Department under Tiangong International said that the company would continue to lodge annual administrative review of AD, struggling to make the AD of 68.27% sharply decline to a reasonable range, finally realize the goal stably expanding shares of USA market and actively deal with Section 232 and 301 investigations.
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