Posted on 05 Aug 2020
The US Department of Commerce (Commerce) has amended the final results of an anti-dumping duty review on steel threaded rod from China, Kallanish reports. The change follows an inharmonious judgement by the US Court of International Trade (CIT).
In 2019, the surrogate value (SV) calculations for Chinese exporter RMB/IFI Group's brokerage and handling costs were remanded following a challenge by RMB/IFI to the final results of Commerce's 2012-2013 administrative review on steel threaded rod from China. In this redetermination, Commerce revised its calculations for the group by changing the numerator for its SV cost evaluation, but the department chose to continue to rely on 10,000 kilograms as the denominator for the equation.
In February, the CIT sustained Commerce's determination to adjust RMB/IFI Group's SV calculation. However, the CIT stated that Commerce must explain why 10,000 kg was chosen as the denominator when RMB/IFI Group's additional information showed that the company's brokerage and handling costs were not based on the specific weight of the container.
In its second remanded redetermination, Commerce explained that the 10,000kg figure continues to be the best data available on the record, and the CIT sustained this determination.
Due to the removal of expenses in the SV calculation during the second remanded redetermination, Commerce has revised RMB/IFI Group's dumping margins from 47.62% to 46.78%.
On 22 July, the CIT sustained the final results of Commerce's redetermination for its fourth administrative review on steel threaded rod from China. The cash deposit rate calculated for RMB/IFI Group will remain equal to the final dumping margins determined for the company.
Source:Kallanish
