Archive-Name: gov/us/fed/nara/fed-register/2000/jan/07/65FR1117/part2 Posting-number: Volume 65, Issue 5, Page 1117, Part 1 [[Page 1126]] 1998. For each input value obtained from the above referenced publication, we used the average value per kilogram for that input from market economics. Import statistics from NMEs were excluded in the calculation of the average value. Given that the data from this publication is not contemporaneous with the POI, we adjusted material values for inflation by using the WPI rate for India. We then converted each of the raw material inputs to U.S. dollars using an exchange rate conversion factor.     For certain other factors, we used values as reported in the United Nations Commodity Trade Statistics for India in 1997. We converted these values as appropriate. See Valuation Memorandum.     The Department determined that the only surrogate value for slag from India was unreliable. According to New Steel, February 1997, pages 24 and 44, slag has a relatively low value compared to the price of steel. Because the Indian value for slag was unusually high compared to the price of the subject merchandise, the Department has preliminarily used values for slag from the U.S. Geological Survey, Minerals, Commodities Summaries from 1998.     Baosteel reported that three types of iron ore were purchased from market economy suppliers, namely, iron ore fines, iron ore lumps, and iron ore pellets. The evidence provided by Baosteel indicated that its market economy purchases of iron ore were significant. See Section B of the October 4, 1999 submission, Exhibit SD-5. The Department has determined to use the FOB Baosteel prices as reported, in accordance with Lasko. However, for that portion of the three iron-ore type shipments which were unloaded at an intermediary port, we have added an unloading and a loading expense, as well as Indian surrogate river transport freight expense, given that the data indicates that the prices reported did not account for these additional expenses. We _base_d the freight expense on the simple average of three surrogate values provided by Baosteel. We then added the freight and shipment expenses to a weighted-average FOB Baosteel price to account for materials delivered at an intermediary port. Finally, we weight-averaged the total value of the iron ore delivered directly to Baosteel with the total value of the iron ore unloaded at an intermediately port to derive a final market-_base_d iron ore price per category of iron ore reported. For the ``other'' iron ore input category reported by Baosteel, we used a surrogate value as reported in the United Nations Commodity Trade Statistics for India in 1997 because this was not purchased via market economy sources. We have also added a proportional unloading and loading charge and transportation cost as appropriate using the above methodology. See Valuation Memorandum.     For labor, we used the Chinese regression-_base_d wage rate at Import Administration's homepage, Import Library, Expected Wages of Selected NMW Countries, revised in May 1999. Because of the variability of wage rates in countries with similar per capita gross domestic prices, section 351.408(c)(3) of the Department's regulations requires us to use a regression-_base_d wage-rate. The source of this wage-rate data on Import Administration's homepage is found in the 1998 Year Book of Labour Statistics, International Labour Office (Geneva: 1998), Chapter 5B: Wages in Manufacturing.     For overhead, profit and SG&A expenses, we used averaged information reported in publicly available financial reports to two Indian steel producers. Verification     As provided in section 782(i) of the Act, we will verify the information used in making our final determination. Suspension of Liquidation     In accordance with section 733(d) of the Act, we are directing the U.S. Customs to suspend liquidation of all imports of subject merchandise entered, or withdrawn from warehouse, for consumption on or after the date of publication of this notice in the Federal Register. We will instruct the Customs Service to require a cash deposit or the posting of a bond equal to the weighted-average amount by which the NV exceeds the export price, as indicated in the chart below. These suspension of liquidation instructions will remain in effect until further notice.     The weighted-average dumping margins are as follows: