The US Department of Commerce (DOC) has announced the final results of the sunset review on the countervailing duty (CVD) order on carbon and alloy steel wire rod from Italy.
The DOC found that revocation of the countervailing duty (CVD) order on the given product from the country would be likely to lead to a continuation or recurrence of subsidies.
The final subsidy rates are at 44.18 percent for Ferriera Valsider, and 4.16 percent for Ferriere Nord and all other Italian exporters.
The countervailing duty for the company is applicable from March 28.