US DOC issues final AD/CVD decisions for wire rod imports from five countries

The US Department of Commerce (DOC) has announced its final determinations in the antidumping (AD) duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty (CVD) investigations of the same imports from Italy and Turkey.

Accordingly, the DOC determined that exporters from Italy, South Korea, Spain, Turkey, and the UK are dumping carbon and alloy steel wire rod in the US at 12.41-18.89 percent, 41.10 percent, 11.08-32.64 percent, 4.74-7.94 percent, and 147.63 percent less than fair value, respectively. The DOC also determined that Italy and Turkey are providing countervailable subsidies to its producers of carbon and alloy steel wire rod at rates in ranges of 4.16-44.18 percent and 3.81-3.86 percent, respectively.

The petitioners for the investigations are Gerdau Ameristeel US Inc., Nucor Corporation, Keystone Consolidated Industries and Charter Steel.

If the US International Trade Commission (ITC) makes affirmative final injury determinations, the DOC will issue antidumping and countervailing duty orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued. The ITC is expected to announce its decision on May 3.

“President Trump made it clear from the beginning that we will vigorously administer our trade laws to provide US industry with relief from unfair trade practices. Today’s decision follows an open and transparent investigation in accordance with the applicable laws, regulations, and administrative practices that ensured a full and fair review of the facts,” stated Wilbur Ross, the US Secretary of Commerce.