Electrical steel imports from China subsidized: ITA

Mar 05, 2014 | 06:43 PM | Rey Mashayekhi

Tags  steel, electrical steel, grain-oriented electrical steel, GOES, imports, countervailing, subsidy, China Commerce

NEW YORK — The Commerce Department’s International Trade Administration (ITA) issued a preliminary determination March 5 that grain-oriented electrical steel (GOES) imports from China were subsidized.

The ITA calculated a preliminary countervailing duty rate of 49.15 percent on imports from mandatory respondent Baoshan Iron & Steel Co. Ltd., and assigned the same rate to all other producers and exporters in China. "As a result of the preliminary affirmative determination, Commerce will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates," it said.....

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