• On July 8, 2019, the Department of Commerce (Commerce) announced the affirmative preliminary determinations of the countervailing duty (CVD) investigations of imports of fabricated structural steel (FSS) from China and Mexico and a negative preliminary determination in the CVD investigation of imports of FSS from Canada.
• The CVD law provides U.S. businesses and workers with a transparent, quasi-judicial, and internationally accepted mechanism to seek relief from the market-distorting effects caused by unfair subsidization of imports into the United States, establishing an opportunity to compete on a level playing field.
• For the purpose of a CVD investigation, a countervailable subsidy is financial assistance from a foreign government that benefits the production of goods by 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.
• In the Canada investigation, Commerce assigned a preliminary subsidy rate of 0.12 percent (de minimis) and 0.45 percent (de minimis) to mandatory respondents Les Constructions Beauce-Atlas Inc. and Les Industries Canatal Inc., respectively.
• In the China investigation, Commerce assigned a preliminary subsidy rates of 30.30 percent and 36.07 percent to mandatory respondents Modern Heavy Industries (Taicang) Co., Ltd. and Shanghai Matsuo Steel Structure Co., Ltd., respectively. Commerce also assigned a subsidy rate of 177.43 percent to the following non-responsive companies: Hongju Metals Co., Ltd., Huaye Steel Structure Co., Jiangsu Kingmore Storage Equipment, Jiangsu Zhengchang Cereal Oil & Feed, Ningbo Jiangbei Huarentai Trade, Ningbo Win Success Machinery Co., Ltd., Shangdong Taipeng Home Products Co., Sinopec Engineering (Group) Co., Ltd., Sunjoy Industrial Group Limited, Sunjoy Industries (Jiashan) Co., Ltd., Wuxi Huishan Metalwork Technology Co., Ltd., and Yueqing Yihua New Energy Technology. The preliminary subsidy rate for all other Chinese producers and exporters is 32.64 percent. Read More →
