The US Department of Commerce has announced partial rescission of the administrative review of countervailable subsidies on Vietnamese steel nails (Source: baodautu.vn)
 
Hanoi (VNA) – The US Department of Commerce (DOC) has announced preliminary results and partial rescission of the administrative review of countervailable subsidies on Vietnamese steel nails, according to the Ministry of Industry and Trade. 

The DOC explained that Mid Continent Steel & Wire, Inc. (the petitioner) withdrew its request for a review of eight out of 11 targeted companies, while no other party requested a review of these eight companies.

The DOC said it also intends to rescind the review of one of the three remaining companies as there is no evidence the company exported the products to the US during the period of review (POR).

As a result of this review, the Department preliminarily determined the countervailable subsidy rates to be 313.97 percent for the remaining two companies during the POR from November 3, 2014 to December 12, 2015. 

The Department is expected to issue the final results of this review within 120 days after publishing these preliminary results.

When the final results are issued, the Department and US Customs and Border Protection will assess the countervailing duties and cash deposits on all appropriate entries covered by the review. 

On June 6, 2017, the DOC also announced preliminary results and partial rescission of antidumping duties, as they conduct an administrative review of certain steel nails from Vietnam.

The DOC allows relevant parties to submit case briefs no later than 30 days after the date of publication of these preliminary results.

Rebuttal briefs, limited to issues raised in the case briefs, may be filed no later than five days after the case briefs are filed. 

Interested parties who wish to request a hearing must submit a written request to the DOC’s Assistant Secretary for Enforcement and Compliance within 30 days since the publication of the notice.-VNA