US DOC slaps hefty AD duties on wire rod from Belarus, Russia, UAE

The US Department of Commerce (DOC) has announced its final determinations in the antidumping (AD) duty investigation of imports of carbon and alloy steel wire rod from Belarus, Russia and the United Arab Emirates (UAE).

Accordingly, the DOC calculated final dumping margins for the mentioned imports from the three countries ranging between 84.10 percent and 756.93 percent.

Upon publication of the final affirmative AD determinations, the DOC will instruct US Customs and Border Protection (CBP) to collect cash deposits equal to the applicable final weighted-average dumping rates. Since the DOC also found that critical circumstances exist in the Russia investigation with respect to all exporters/producers, it will instruct CBP to impose the required cash deposit rates retroactively on all entries of carbon and alloy steel wire rod from Russia effective 90 days prior to publication of the preliminary determination in the Federal Register.

The US International Trade Commission (US ITC) is scheduled to make its final determinations on or about January 5, 2018. If the ITC makes affirmative final determinations that imports of carbon and alloy steel wire rod from Belarus, Russia and the UAE materially injure, or threaten material injury to, the domestic industry, the DOC will issue AD orders.

The products in question currently fall under the Harmonized Tariff Schedule of the United States (HTSUS) 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.