UAE Steel Nails: Final AD Rates Announced

The International Trade Administration issued a fact sheet on May 20, 2012 announcing its affirmative final determination in the antidumping duty investigation of certain steel nails from the UAE (A-520-804). According to the ITA’s fact sheet, the mandatory respondents Dubai Wire FZE and Precision Fasteners LLC received AD rates of 6.29% and 2.8%, respectively, while Tech Fast International Ltd. received an AD rate of 184.41% as a result of the ITA’s application of adverse facts available. All other UAE producer/exporters received a preliminary AD margin of 4.55%. As a result of the final determination, the ITA will instruct U.S. Customs and Border Protection to continue to collect a cash deposits or bonds equal to these AD rates.

(See ITT’s Online Archives 11042734 for summary of the initiation of this investigation, and 11110313 for summary of the preliminary determination, which preliminarily found AD rates ranging from 19.23% to 61.54%.)