Trade Cases
December 17, 2015
US DOC Releases Cold Rolled CVD and Critical Circumstances Rulings
Written by John Packard
The U.S. Department of Commerce released their Preliminary Determination for Countervailing Duty (CVD) on Cold Rolled products as well as Critical Circumstances on Cold Rolled. The headline is China was found to be receiving subsidies at a rate of 227.29 percent. They also found critical circumstances for the following companies: Angang Group Hong Kong Co., Ltd., Benxi Iron and Steel (Group) Special Steel Co., Ltd., and Qian’an Golden Point Trading Co., Ltd. Critical circumstances were not levied against any other Chinese mills.
The reason why the Chinese mills were hit so hard was they refused to participate in the investigative process.
