US DOC initiates circumvention inquiry into Mexican rebar

Wednesday, 23 October 2019 19:41:32 (GMT+3)   |   San Diego
       

Today, the US Department of Commerce announced the initiation of a circumvention inquiry into imports of steel concrete reinforcing steel bar from Mexico, to determine if imports of rebar that are bent at one or both ends circumvent the existing antidumping duty (AD) and countervailing duty (CVD) orders.

In 2018, imports of rebar from Mexico were valued at an estimated $51 million. The inquiry was initiated in response to requests from US domestic producers of rebar: Nucor Corporation, Gerdau Ameristeel US Inc., Commercial Metals Company, Cascade Steel Rolling Mills, Inc., Byer Steel Group, Inc., and Steel Dynamics, Inc.

If the DOC preliminarily determines that circumvention is occurring, it will instruct Customs and Border Protection to begin collecting cash deposits on rebar from Mexico that is subject to the inquiry. These duties will be imposed on future imports, and on any unliquidated entries since the date on which Commerce initiated this circumvention inquiry.


Similar articles

Asian rebar market to keep rising, despite stable ex-China prices this week

26 Apr | Longs and Billet

Domestic rebar prices in Taiwan - week 17, 2024

26 Apr | Longs and Billet

Stability in southern Europe longs market amid weak demand

26 Apr | Longs and Billet

Major steel and raw material futures prices in China - Apr 26, 2024

26 Apr | Longs and Billet

US domestic rebar prices remain firm

25 Apr | Longs and Billet

Turkey’s ex-Baltic scrap prices move up, following deep sea prices

25 Apr | Scrap & Raw Materials

Romanian mill cuts rebar prices amid very slow demand, traders’ offers stable

25 Apr | Longs and Billet

Turkish domestic rebar spot prices stable

25 Apr | Longs and Billet

Import scrap prices in Bangladesh mainly stable in new containerized deals, more negotiations for bulk

25 Apr | Scrap & Raw Materials

Saudi Arabia’s Hadeed once again keeps offers stable for May

25 Apr | Longs and Billet