(Cite as: 55 FR 349)

NOTICES

DEPARTMENT OF COMMERCE

[C-469-004]

Stainless Steel Wire Rod From Spain; Final Results of Countervailing Duty Administrative Review

Thursday, January 4, 1990

AGENCY: International Trade Administration/Import Administration, Commerce.

ACTION: Notice of final results of countervailing duty administrative review.

SUMMARY: On November 3, 1989, the Department of Commerce published the *350 preliminary results of its administrative review of the countervailing duty order on stainless steel wire rod from Spain. We have now completed that review and determine the net subsidy during the period January 1, 1988 through December 31, 1988 to be de minimis.

EFFECTIVE DATE: January 4, 1990.

FOR FURTHER INFORMATION CONTACT: Laurie Goldman or Paul McGarr, Office of Countervailing Compliance, International Trade Administration, U.S. Department of Commerce, Washington, DC 20230; telephone: (202) 377-2786.

SUPPLEMENTARY INFORMATION:

Background

On November 3, l989, the Department of Commerce ("the Department") published in the Federal Register (54 FR 46442) the preliminary results of its administrative review of the countervailing duty order on stainless steel wire rod from Spain (48 FR 52; January 3, 1983). We have now completed that administrative review in accordance with section 751 of the Tariff Act of 1930 ("the Tariff Act").

Scope of Review

Imports covered by this review are shipments of Spanish stainless steel wire rod, which includes coiled, semi-finished, hot rolled stainless steel products of approximately round solid cross section, not under 0.20 inch nor over 0.74 inch in diameter, whether or not tempered or treated or partly manufactured. During the review period, such merchandise was classifiable under item numbers 607.2600 and 607.4300 of the Tariff Schedules of the United States Annotated. This merchandise is currently classifiable under item numbers 7221.00.0020 and 7221.00.0040 of the Harmonized Tariff Schedule ("HTS"). The HTS item numbers are provided for convenience and Customs purposes. The written description remains dispositive.

The review covers the period January 1, 1988 through December 31, 1988 and five programs: (1) long-term loans; (2) operating capital loans; (3) capital grants; (4) regional incentives program; and (5) prefinancing of exports.

Analysis of Comments Received

We gave interested parties an opportunity to comment on the preliminary results. We received no comments.

Final Results of Review

As a result of our review, we determine the net subsidy to be 0.19 percent ad valorem for the period January 1, 1988 through December 31, 1988. The Department considers any rate less than 0.50 percent ad valorem to be de minimis.

Therefore, the Department will instruct the Customs Service to liquidate, without regard to countervailing duties, all unliquidated entries of this merchandise exported on or after January 1, 1988 and on or before December 31, 1988.

The Department will also instruct the Customs Service to waive cash deposits of estimated countervailing duties, as provided for by section 751(a)(1) of the Tariff Act, on all shipments of this merchandise entered, or withdrawn from warehouse, for consumption on or after the date of publication of this notice. This deposit waiver shall remain in effect until publication of the final results of the next administrative review.

This administrative review and notice are in accordance with section 751(a)(1) of the Tariff Act (19 U.S.C. 1675(a)(1)) and 19 CFR 355.22.

Dated: December 26, 1989.

Francis J. Sailer,

Acting Assistant Secretary for Import Administration.