The US Department of Commerce (DOC) published in Tuesday’s Federal Register its preliminary determinations in the countervailing duty (CVD) investigations of non-oriented electrical steel from China, Korea, and Taiwan.
Accordingly, effective March 25, 2014, US Customs and Border Protection (CBP) will require importers to make a cash deposit of countervailing duties on all entries of non-oriented electrical steel from China at the rate of 125.83 percent and on all entries from Taiwan at the rate of 6.41 percent with the exception of China Steel Corporation and its affiliates, which have a rate of 0.00 percent, and Leicong Industrial Company, Ltd., which has a rate of 12.82 percent.
Because the DOC made a negative preliminary determination that subsidies are not being provided to producers and exporters of non-oriented electrical steel from Korea, CBP will not require the deposit of estimated countervailing duties or the suspension of liquidation for imports from Korea.
