U.S. Department of Commerce Revised Preliminary Countervailing Results of Countervailing Stainless Steel Pressure Pipes in China

In response to the application of Guangzhou Yongda Stainless Steel Co., Ltd., the U.S. Department of Commerce revised the preliminary results of the anti-subsidy case for stainless steel pressure pipe products in China, and revised the subsidy tax rate of Guangzhou Yongda Stainless Steel Co., Ltd. from 1.47% to 0.35%. Jiangsu Changyuan Metal Industry Co., Ltd. ( (Suzhou) Co., Ltd. (selected by the US Department of Commerce as a mandatory respondent but not involved in responding), the subsidy tax rate was revised from 106.85% to 105.73%, and that of all other Chinese companies was revised from 1.47% to 53.04%.

On July 10, 2008, the U.S. Department of Commerce issued a preliminary ruling on the Federal Register. On July 15, Guangzhou Yongda Stainless Steel Co., Ltd. applied to the US Department of Commerce to revise the preliminary application based on the existence of an "administrative error" in the preliminary ruling. According to U.S. law, "administrative errors" refers to unintentional errors caused by mathematical calculations or clerical errors.