Notice of Postponement of Time Limit for Countervailing Duty Investigation: Certain Cold-Rolled Flat-Rolled Carbon-Quality Steel Products From Brazil

DEPARTMENT OF COMMERCE

International Trade Administration

Notice of Postponement of Time Limit for Countervailing Duty

Investigation: Certain Cold-Rolled Flat-Rolled Carbon-Quality Steel

Products From Brazil

AGENCY: Import Administration, International Trade Administration,

Department of Commerce.

ACTION: Notice of postponement of time limit for preliminary

determination of countervailing duty investigation.

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SUMMARY: The Department of Commerce is extending the time limit of the

preliminary determination in the countervailing duty investigation of

certain cold-rolled flat-rolled carbon-quality steel products from

Brazil because we deem this investigation to be extraordinarily

complicated, and determine that additional time is necessary to make

the preliminary determination.

EFFECTIVE DATE: August 11, 1999.

FOR FURTHER INFORMATION CONTACT: Dana Mermelstein at (202) 482-0984 or

Javier Barrientos at (202) 482-2849, Import Administration,

International Trade Administration, U.S. Department of Commerce, 14th

Street and Constitution Avenue, NW, Washington, DC 20230.

SUPPLEMENTARY INFORMATION:

Applicable Statute

Unless otherwise indicated, all citations to the statute are

references to the provisions effective January 1, 1995, the effective

date of the amendments made to the Tariff Act of 1930 (the Act) by the

Uruguay Round Agreements Act.

Postponement

On June 21, 1999, the Department of Commerce (the Department)

initiated a countervailing duty investigation of certain cold-rolled

flat-rolled carbon-quality steel products from Brazil. See Initiation

of Countervailing Duty Investigations: Certain Cold-Rolled Flat-

[[Page 43673]]

Rolled-Carbon-Quality Steel Products from Brazil, Indonesia, Thailand

and Venezuela, 64 FR 34201 (June 25, 1999). The preliminary

determination currently must be issued by August 25, 1999. Respondents

have indicated that they will be cooperating in the investigation. In

November 1998, the Department issued new countervailing duty

regulations (see, Countervailing Duties; Final Rule 63 FR 65341

(November 25, 1998), which have new provisions that are applicable in

this case, particularly with respect to equityworthiness,

creditworthiness and discount rates. Accordingly, as detailed in the

August 4, 1999 Memorandum to Robert S. LaRussa, Assistant Secretary for

Import Administration (on file in the public file of the Central

Records Unit, Room B-099 of the Department of Commerce), we deem this

investigation to be extraordinarily complicated by reason of the

novelty of the issues presented, and determine that additional time is

necessary to make the preliminary determination. Therefore, pursuant to

section 703(c)(1) of the Tariff Act of 1930, as amended (``the Act''),

we are postponing the preliminary determination in this investigation

to no later than September 27, 1999. This notice is published pursuant

to section 703(c)(2) of the Act.

Dated: August 5, 1999.

Robert S. LaRussa,

Assistant Secretary for Import Administration.

[FR Doc. 99-20734 Filed 8-10-99; 8:45 am]

BILLING CODE 3510-DS-P