US DOC initiates AD/CVD investigation into wire rod imports from 10 countries

Wednesday, 19 April 2017 21:02:53 (GMT+3)   |   San Diego
       

The US Department of Commerce (DOC) announced Tuesday the initiation of antidumping duty investigations of imports of carbon and alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom, and companion countervailing duty CVD investigations of imports of carbon and alloy steel wire rod from Italy and Turkey. Alleged dumping margins are as follows:
 

Country

Alleged Dumping Margin

Belarus

161.75 - 280.02%

Italy

18.89%

Korea

33.96 - 43.25%

Russia

214.06 - 756.93%

South Africa

128.66 - 142.26%

Spain

32.70%

Turkey

37.67%

Ukraine

21.23 - 44.03%

United Arab Emirates

84.10%

United Kingdom

147.63%

 
Estimated subsidy rates for Italy and Turkey are above de minimis.
 
The US International Trade Commission (ITC) is scheduled to make its preliminary injury determinations on or before May 12, 2017. If the ITC determines that there is a reasonable indication of injury, the investigations will continue and the DOC will announce its preliminary CVD determinations in June 2017 and its preliminary AD determinations in September 2017, though these dates may be extended.  If the ITC’s determinations are negative, the investigations will be terminated.
 
The petitioners are Gerdau Ameristeel US Inc., Nucor, Keystone Consolidated Industries, and Charter Steel.  
 
In 2016, imports of carbon and alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom were valued at an estimated $10.4 million, $12.2 million, $45.6 million, $32.3 million, $7.1 million, $40.7 million, $41.4 million, $55 million, $7 million, and $20.5 million, respectively.  
 
The products under investigation are currently classifiable under subheadings 7213.91.3011, 7213.91.3015, 7213.91.3020, 7213.91.3093, 7213.91.4500, 7213.91.6000, 7213.99.0030, 7227.20.0030, 7227.20.0080, 7227.90.6010, 7227.90.6020, 7227.90.6030, and 7227.90.6035 of the Harmonized Tariff Schedule of the United States (HTSUS).  Products entered under subheadings 7213.99.0090 and 7227.90.6090 of the HTSUS also may be included in this scope if they meet the physical description of subject merchandise. 

Similar articles

Romania's longs spot prices decrease due to lack of trade

18 Apr | Longs and Billet

ArcelorMittal raises longs prices in Europe, production halts expected in Italy

18 Apr | Longs and Billet

Asian wire rod prices increase, outlook also positive thanks to China

18 Apr | Longs and Billet

Mood still bullish in Vietnam’s HRC market despite weak buying

18 Apr | Flats and Slab

Ovako and FNsteel partner to boost low carbon wire rod production in Europe

18 Apr | Steel News

China’s rebar output decreases by 9.5 percent in Q1

18 Apr | Steel News

Turkish longs exports silent, prices soft

17 Apr | Longs and Billet

Italy’s Caleotto installs new Garret line at Lecco plant

17 Apr | Steel News

Iskenderun-based Turkish mill updates its longs prices

17 Apr | Longs and Billet

US wire rod imports down 5.5 percent in February

16 Apr | Steel News