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AD Cash Deposits or Bonds to be Required for Galvanized Steel Wire

Tuesday, November 01, 2011
Sandler, Travis & Rosenberg Trade Report

AD Cash Deposits or Bonds to be Required for Galvanized Steel Wire. The International Trade Administration has made preliminary affirmative dumping determinations on galvanized steel wire from China and Mexico, with dumping margins ranging from 76.34% to 235% for China and 37.87% to 61.54% for Mexico. The ITA will now instruct U.S. Customs and Border Protection to collect cash deposits or bonds on entries of subject merchandise based on these rates.

The ITA is currently scheduled to make its final determinations in March 2012. If the International Trade Commission’s final injury determinations, which are due on or about April 24, are also affirmative, the ITA will issue antidumping duty orders.

Galvanized steel wire subject to these investigations is a cold-drawn carbon quality steel product in coils, of solid, circular cross section with an actual diameter of 0.5842 mm (0.0230 inch) or more, plated or coated with zinc (whether by hot-dipping or electroplating). Steel products to be included in the scope of these investigations are those in which (1) iron predominates, by weight, over each of the other contained elements; (2) the carbon content is 2% or less, by weight; and (3) none of the following elements exceeds the quantity, by weight, respectively indicated: 1.80% of manganese, 1.50% of silicon, 1.00% of copper, 0.50% of aluminum, or 1.25% of chromium, or 0.30% of cobalt, 0.40% of lead, or 1.25% of nickel, 0.30% of tungsten, 0.02% of boron, 0.10% of molybdenum, 0.10% of niobium, 0.41% of titanium, 0.15% of vanadium, or 0.15% of zirconium. Subject goods are classifiable under HTSUS 7217.20.3000, 7217.20.4510, 7217.20.4520, 7217.20.4530, 7217.20.4540, 7217.20.4550, 7217.20.4560, 7217.20.4570 and 7217.20.4580 and may also enter under HTSUS 7229.20.0015, 7229.20.0090, 7229.90.5008, 7229.90.5016, 7229.90.5031 and 7229.90.5051.

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