According to the final result of countervailing duty (CVD) administrative review, the US Department of Commerce (USDOC) determined China’s producers and exporters of carbon and alloy steel threaded rod (threaded rod) were receiving countervailable subsidies during the period of review from July 29, 2019 to December 31, 2020.

The subsidy rate of 2019 for Ningbo Zhongjiang High Strength Bolts Co., Ltd. and Zhejiang Junyue Standard Parts Co., Ltd. was set at 6.42% and 5.09%, respectively. The rate of 2020 for the two companies was 5.64% and 5.79%, respectively.

Besides, three companies not selected for individual reviews, including Ningbo Dingtuo Imp. & Exp. Co., Ltd., Ningbo Dongxin High-Strength Nut Co., Ltd., and Ningbo Jinding Fastening Piece Co., Ltd., were assigned a subsidy rate of 5.94% for 2019 and 5.69% for 2020.

This determination was applicable from November 7, 2022.