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Saturday, October 29, 2011

US DOC sets duties on steel nails from the UAE

Sat, 28 October 2011

The US Department of Commerce (DOC) announced Friday preliminary antidumping duties on all imports of certain steel nails from the United Arab Emirates. These duties, which range from 19.23 percent to 61.54 percent, are the result of an investigation that was requested March 31, 2011 by Mid Continent Nail Corporation.

Dubai Wire FZE has been assigned a preliminary antidumping duty margin of 27.73 percent of the entered value of the goods. Precision Fasteners LLC has been assigned a preliminary antidumping duty margin of 19.23 percent of the entered value of the goods. Tech Fast International LLC has been assigned a preliminary antidumping duty margin of 61.54 percent of the entered value of the goods. Exports from all other UAE producers are subject to a dumping duty margin of 23.48 percent of the entered value of the goods.

The investigation covers certain steel nails up to 12 inches long that are produced from any type of steel. The steel nails covered by the petition can have a variety of finishes, heads, shanks, points and sizes, and may be sold in bulk or collated into strips or coils using materials such as plastic, paper or wire. Commerce's final determination in this case will be announced no later than March 13, 2012.

Certain steel nails subject to this investigation are currently classified under the Harmonized Tariff Schedule of the United States (HTSUS) subheadings 7317.00.55, 7317.00.65 and 7317.00.75.

Tags: USA , UAE , longs , Middle East , North America , steelmaking , trading , quotas & duties

source: steel orbis

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