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Antidumping and Countervailing Duty Petitions against Cold-RolledCarbon Steel Flat Products:
We have reviewed the public versions of the antidumping and countervailing duty petitions against cold-rolled carbon steel flat products.
The Petitioners have alleged the following dumping margins:
- Argentina 89.89 percent (price-to-price comparison)
- Australia 28.33 percent (price-to-price comparison)
- Belgium 25.41 percent (constructed value)
- Brazil 26.90 percent (price-to-price comparison)
- China 63.77 to 67.11 percent (constructed value, based on India as the surrogate country)
- France 7.93 to 22.12 percent (constructed value)
- Germany 17.41 to 26.03 percent (constructed value)
- India 184.39 percent (constructed value)
- Japan 112.56 percent (constructed value)
- Korea 45.77 to 53.72 percent (constructed value)
- Netherlands 58.56 percent (constructed value)
- New Zealand 43.93 percent (price-to-price comparison)
- Russia 278.86 to 332.59 percent (constructed value, based on South Africa as the surrogate country)
- South Africa 56.03 percent (price-to-price comparison)
- Spain 70.31 percent (price-to-price comparison)
- Sweden 54.50 percent (price-to-price comparison)
- Taiwan 16.80 percent (price-to-price comparison)
- Thailand 118.62 to 150.26 percent (constructed value)
- Turkey 67.64 percent for Erdemir (constructed value) ;
- 28.92 percent for Borcelik (price-to-price comparison)
- Venezuela 53.90 percent (price-to-price comparison)
These allegations of dumping margins will become significant if foreign producers/exporters do not respond to the questionnaires from the U.S. Commerce Department. In that event, the Department will use so-called "facts available" to determine the dumping margin, and the Department normally refers to the alleged margins in selecting "facts available". However, the Department will review the data and assumptions underlying the Petitioners' allegations of dumping margins, and it will usually make adjustments in the margins originally alleged by the Petitioners.
Therefore, it is important to review the alleged dumping margins which appear in the Department's formal initiation notice. The Department does not normally quantify the subsidy margins in the initiation notice. Instead, its normal practice is to list all of the subsidy programs alleged by the Petitioners. The countervailing duty petitions cover Argentina, Brazil, France, and Korea.
The U.S. International Trade Commission is scheduled to make its preliminary injury determination by November 12 If the Commission makes a negative determination (i.e., a finding of no injury or threat of injury), then the investigations will be terminated, and no further action will be taken. If, on the other hand, the Commission makes an affirmative determination (i.e., a finding of injury or threat of injury), then the investigations will continue, and the Department will conduct a full-scale investigation to calculate the dumping and countervailing duty margins, if any.
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