U.S. DOC announces results of wire rod AD review

U.S. DOC announces results of wire rod AD review

The US Department of Commerce announced the final results of their Administrative Review of Indonesian carbon wire rods. Only P.T. Ispat Indo (a Mittal company) was investigated. The review period was October 1, 2003 to September 30, 2004. The Department calculated a dumping margin of 0.38 percent which is de minimis, or zero. Consequently, effective today, there will be no dumping duty rate assessed on imports from P.T. Ispat Indo. In the past, Ispat Indo had been a regular supplier of wire rods to the US West Coast with occasional shipments into the US Gulf region as well. Rescinding the prior dumping rate of 4.06 percent makes a difference of about $.77 cwt. ($17.00/mt, 15.42/nt). Without question, this means that Ispat Indo will become a viable supplier for US wire companies again. The zero dumping rate will remain in effect until another review has been concluded. No further review has been requested by the US rod industry at this point.