[Federal Register Volume 89, Number 198 (Friday, October 11, 2024)]
[Notices]
[Pages 82565-82566]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-23567]


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DEPARTMENT OF COMMERCE

International Trade Administration

[C-570-923]


Raw Flexible Magnets From the People's Republic of China: Final 
Results of the Expedited Third Sunset Review of the Countervailing Duty 
Order

AGENCY: Enforcement and Compliance, International Trade Administration, 
Department of Commerce.

SUMMARY: The U.S. Department of Commerce (Commerce) finds that 
revocation of the countervailing duty (CVD) order on raw flexible 
magnets from the People's Republic of China (China) would be likely to 
lead to continuation or recurrence of countervailable subsidies at the 
levels indicated in the ``Final Results of the Sunset Review'' section 
of this notice.

DATES: Applicable October 11, 2024.

FOR FURTHER INFORMATION CONTACT: Peter Zukowski, AD/CVD Operations, 
Office III, Enforcement and Compliance, International Trade 
Administration, U.S. Department of Commerce, 1401 Constitution Avenue 
NW, Washington, DC 20230; telephone: (202) 482-0189.

SUPPLEMENTARY INFORMATION:

Background

    On September 17, 2008, Commerce published the CVD order on raw 
flexible magnets from China.\1\ On June 3, 2024, Commerce published the 
notice of initiation of the third sunset review of

[[Page 82566]]

the Order, pursuant to section 751(c) of the Tariff Act of 1930, as 
amended (the Act).\2\ On June 14, 2024, Commerce received a notice of 
intent to participate from Magnum Magnetics Corporation (the domestic 
interested party), within the deadline specified in 19 CFR 
351.218(d)(1)(i).\3\ The domestic interested party claimed interested 
party status under section 771(9)(C) of the Act as a U.S. producer of 
the domestic like product.\4\
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    \1\ See Raw Flexible Magnets from the People's Republic of 
China: Countervailing Duty Order, 73 FR 53849 (September 17, 2008) 
(Order).
    \2\ See Initiation of Five-Year (Sunset) Reviews, 89 FR 47525 
(June 3, 2024).
    \3\ See Domestic Interested Party's Letter, ``Notice of Intent 
to Participate,'' dated June 14, 2024.
    \4\ Id. at 2.
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    On June 28, 2024, Commerce received an adequate substantive 
response from the domestic interested party within the 30-day deadline 
specified in 19 CFR 351.218(d)(3)(i).\5\ Commerce did not receive a 
substantive response from any other interested party in this 
proceeding, and no party requested a hearing. On July 23, 2024, 
Commerce notified the U.S. International Trade Commission that it did 
not receive an adequate substantive response from respondent interested 
parties.\6\ As a result, Commerce conducted an expedited (120-day) 
sunset review of the Order, pursuant to section 751(c)(3)(B) of the Act 
and 19 CFR 351.218(e)(1)(ii) (C)(2).
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    \5\ See Domestic Interested Party's Letter, ``Domestic Industry 
Substantive Response,'' dated June 28, 2024.
    \6\ See Commerce's Letter, ``Sunset Reviews Initiated on June 3, 
2024,'' dated July 23, 2024.
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    On July 22, 2024, Commerce tolled certain deadlines in this 
administrative proceeding by seven days.\7\ The deadline for the final 
results is now October 8, 2024.
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    \7\ See Memorandum, ``Tolling of Deadlines for Antidumping and 
Countervailing Duty Proceedings,'' dated July 22, 2024.
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Scope of the Order

    The merchandise covered by this order is raw flexible magnets. For 
a complete description of the scope of the Order, see the Issues and 
Decision Memorandum.\8\
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    \8\ See Memorandum, ``Issues and Decision Memorandum for the 
Final Results of the Expedited Third Sunset Review of the 
Countervailing Duty Order on Raw Flexible Magnets from the People's 
Republic of China,'' dated concurrently with, and adopted by, this 
notice (Issues and Decision Memorandum).
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Analysis of Comments Received

    A complete discussion of all issues raised in this sunset review, 
including the likelihood of continuation or recurrence of 
countervailable subsidies in the event of revocation of the Order and 
the countervailable subsidy rates likely to prevail if the Order were 
revoked, is provided in the Issues and Decision Memorandum. A list of 
the topics discussed in the Issues and Decision Memorandum is attached 
as an appendix to this notice. The Issues and Decision Memorandum is a 
public document and is on file electronically via Enforcement and 
Compliance's Antidumping and Countervailing Duty Centralized Electronic 
Service System (ACCESS), which is available to registered users at 
https://access.trade.gov. In addition, a complete version of the Issues 
and Decision Memorandum can be accessed directly at https://access.trade.gov/public/FRNoticesListLayout.aspx.

Final Results of Sunset Review

    Pursuant to sections 751(c) and 752(b) of the Act, we determine 
that revocation of the Order would be likely to lead to continuation or 
recurrence of a countervailable subsidies at the following net 
countervailable subsidy rates:

------------------------------------------------------------------------
                                                               Net
                                                         countervailable
                  Producers/exporters                      subsidy rate
                                                           (percent ad
                                                             valorem)
------------------------------------------------------------------------
China Ningbo Cixi Import Export Corporation............           109.95
Polyflex Magnets Ltd...................................           109.95
All Others.............................................           109.95
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Administrative Protective Order (APO)

    This notice serves as the only reminder to parties subject to an 
APO of their responsibility concerning the disposition of proprietary 
information disclosed under APO in accordance with 19 CFR 351.305, 
which continues to govern business proprietary information in this 
segment of the proceeding. Timely written notification of the return or 
destruction of APO materials or conversion to judicial protective order 
is hereby requested. Failure to comply with the regulations and the 
terms of an APO is a violation subject to sanction.

Notification to Interested Parties

    Commerce is issuing and publishing these final results and this 
notice in accordance with sections 751(c), 752(b), and 777(i)(1) of the 
Act, and 19 CFR 351.218.

    Dated: October 7, 2024.
Dawn Shackleford,
Executive Director for Trade Agreements Policy and Negotiations.

Appendix

List of Topics Discussed in the Issues and Decision Memorandum

I. Summary
II. Background
III. Scope of the Order
IV. History of the Order
V. Legal Framework
VI. Discussion of the Issues
    1. Likelihood of Continuation or Recurrence of a Countervailable 
Subsidy
    2. Net Countervailable Subsidy Rates Likely to Prevail
    3. Nature of the Subsidies
VII. Final Results of Sunset Review
VIII. Recommendation

[FR Doc. 2024-23567 Filed 10-10-24; 8:45 am]
BILLING CODE 3510-DS-P