• On October 22, 2019, the Department of Commerce (Commerce) announced its affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of aluminum wire and cable from the People’s Republic of China (China).
• The AD and CVD laws provide U.S. businesses and workers with a transparent, quasi-judicial, and internationally accepted mechanism to seek relief from the market-distorting effects caused by injurious dumping and subsidization of imports into the United States, establishing an opportunity to compete on a level playing field.
• For the purpose of an AD investigation, dumping occurs when a foreign company sells a product in the United States at less than its fair value. For the purpose of a CVD investigation, a countervailable subsidy is financial assistance from a foreign government that benefits the production of goods from foreign companies and is limited to specific enterprises or industries, or is contingent either upon export performance or upon the use of domestic goods over imported goods.
• Commerce assigned a dumping rate of 63.47 percent, based entirely on adverse facts available, to mandatory respondents Shanghai Silin Special Equipment Co., Ltd. and Hebei Huatong Wires and Cables Group Co., Ltd. The dumping rate for companies granted a separate rate is 58.51 percent. The dumping rate for all other Chinese producers and exporters is 63.47 percent.
• Commerce assigned a subsidy rate of 165.63 percent, based entirely on adverse facts available, to mandatory respondents Shanghai Silin Special Equipment Co., Ltd. and Shanghai Yang Pu Qu Gong. Commerce assigned a subsidy rate of 33.44 percent to mandatory respondent Changfeng Wire & Cable Co., Ltd. The subsidy rate for all other Chinese producers and exporters is 33.44 percent.
• Upon publication of the final affirmative AD determination, Commerce intends to instruct U.S. Customs and Border Protection (CBP) to collect AD cash deposits equal to the applicable final weighted-average dumping rates. These cash deposit requirements will remain in effect until further notice and may be subject to change based on the U.S. International Trade Commission’s (ITC) forthcoming injury determination.
• There are currently no cash deposit requirements related to the CVD investigation. However, this is subject to change based on the ITC’s forthcoming injury determination.
• The petitioners are Encore Wire Corporation (McKinney, TX) and Southwire Company, LLC (Carrollton, GA). Read More →
