Chinese Steel Cylinder Deemed Dumping by U.S

14/12/2011 12:00 - 429 Views

BEIJING, December 13, SinoCast -- On December 8, the U.S. Department of Commerce released its initial ruling on anti-dumping investigation into Chinese steel high-pressure cylinders sold in the U.S., deeming that the products from China constituted dumping, disclosed by China's Ministry of Commerce on December 13.

Anti-dumping tax rate for Beijing Tianhai Industry Co., Ltd., the mandatory defendant of the case, is 5.08% and separate tax rate for other three companies is 5.08%. The tax rate for all other companies concerned is 26.23%. The U.S. Department of Commerce will ask customs authority to charge security deposit or letter of guarantee (L/G) based on the initial ruling.

The tax rate is relatively lower during the period that Chinese companies responded to the U.S. anti-dumping cases since the U.S. became strict in trade remedy measures in 2010. According to investigation proceedings, the U.S. Department of Commerce intends to make the final ruling on this case on February 21, 2012.

Source: sinocast.com