The US Department of Commerce has announced its preliminary determination that imports of stainless steel sheet and strip (SSSS) from China are benefitting from unfair government subsidies. As a result, it will instruct US Customs and Border Protection (CBP) to begin to require US importers of SSSS from China to deposit estimated countervailing duties at the time of importation.
Further, based on its previously announced preliminary affirmative critical circumstances determination, the Commerce Department will instruct CBP to suspend liquidation of all entries of SSSS from China that were imported into the United States on or after the date that is 90 days prior the date of publication in the Federal Register of the affirmative preliminary countervailing duty determination, and to require US importers to post security equal to the preliminary subsidy rates on those entries.