“As a result of today’s decision, Commerce will instruct U.S. Customs
and Border Protection to collect cash deposits from importers of
certain steel wheels from China based on these preliminary rates,” the
department said in a statement.
It estimated the value of U.S. imports of steel wheels from China in 2017 at $388 million.
The department opened the investigation based on complaints by
Accuride Corp of Evansville, Indiana, and Maxion Wheels Akron LLC, of
Akron, Ohio. It said in a statement it was scheduled to issue its final
determination in the case around Jan. 7.
The Commerce Department assigned a preliminary subsidy rate of 58.75
percent for Xiamen Sunrise Wheel Group Co, Ltd, and a subsidy rate of
172.51 percent to Zhejiang Jingu Company Limited and Shanghai Yata
Industry Company Limited. The preliminary rate for other Chinese
producers and exporters was 58.75 percent.
If
the Commerce Department makes a final determination affirming its
decision, the International Trade Commission will make a final injury
determination by about Feb. 21, the statement said.
Reporting by Mohammad Zargham and David Alexander; Editing by Richard Chang