U.S. Sets Preliminary Penalties on Chinese Wire Decking
The U.S. Commerce Department said on Tuesday that it has set preliminary countervailing duties (CVD) on imports of steel wire decking from China, a move that might escalate trade disputes between the two countries.
The department said it "preliminarily determined that Chinese producers/exporters have received net countervailable subsidies ranging from 2.02 to 437.73 percent."
As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on these preliminary rates.
The product covered by this investigation is welded-wire rack decking produced from carbon or alloy steel wire that has been welded into a mesh pattern. The wire mesh is reinforced with structural supports and designed to be load bearing.
Wire decking reinforced with structural supports is designed generally for industrial and other commercial storage rack systems.

