CIT Decision May Lower AD Cash Deposit Rate for Two China Steel Grating Cos.

Antidumping duty cash deposit rates for two exporters of steel grating from China may fall, as the Court of International Trade on April 9 sustained a recalculation by the Commerce Department. CIT had in 2012 ordered Commerce to take another look at the rates from the original AD duty investigation (see 12071907). In response, Commerce kept Ningbo Jiulong Machinery Manufacturing Co.’s rate at 145.18%, but lowered the rates it assigned to Yantai Xinke Steel Structure Co. and Ningbo Haitian International Co. from 136.76% to 38.16%. Because no new rates have been set in administrative reviews since the AD duty order on steel grating was issued in 2010, these rates, if finalized, will become the new cash deposit rates for these companies. The ruling is still subject to appeal, however, and Commerce said it completed the recalculation “under protest.” Parties have 60 days to appeal a court ruling.