Final Review Results: Antidumping Duty on Steel Wire from Spain
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The U.S. Department of Commerce determined that TYCSA from Spain sold prestressed concrete steel wire at less than normal value in the U.S. during June 2023 to May 2024. A dumping margin of 11.32% was established, leading to the imposition of antidumping duties on affected imports to level the playing field for U.S. producers. Companies importing these products need to update their cash deposit rates to align with the new margin.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- 11.32% dumping margin determined
- Antidumping duties imposed
- New cash deposit rates required
Obligations
What this law requires
Update cash deposit rates to 11.32% for all shipments of prestressed concrete steel wire from TYCSA (Global Special Steel Products S.A.U./Trenzas y Cables de Acero PSC, S.L.) entered or withdrawn from warehouse for consumption on or after the publication date of final results
CBP shall assess antidumping duties on all appropriate entries of subject merchandise (prestressed concrete steel wire from Spain) in accordance with the final results of this review, calculated as importer-specific ad valorem rates
Commerce shall disclose calculations performed for TYCSA to interested parties within five days of public announcement or, if no public announcement, within five days of publication in Federal Register
CBP shall liquidate unreviewed entries of TYCSA-produced merchandise at the all-others rate of 14.75% when the producer did not know the merchandise was destined for the United States and no rate exists for intermediate companies
Commerce shall issue assessment instructions to CBP no earlier than 35 days after publication of final results; if a timely summons is filed at U.S. Court of International Trade, instructions shall direct CBP not to liquidate relevant entries until 90 days after publication