According to a statement issued by the Turkish Steel Exporters' Association (CIB), the US Department of Commerce (US DOC) has recalculated the countervailing duty (CVD) on rebar imports from Turkey.
In its final decision made on September 9, 2014, the US DOC had calculated the countervailing duty rate for rebar imports from Turkey as 0.0 percent. However, the US industry appealed the DOC’s final determination to the US Court of International Trade (CIT). Accordingly, the DOC has amended the subsidy margin for rebar from Turkey from zero percent to 3.64 percent.
The US DOC has amended the subsidy margin for Turkish rebar producer ICDAS Celik Enerji Tersane ve Ulasim Sanayi A.S. from 0.00 percent to 3.64 percent, though the subsidy margin for Turkish producer Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S has remained at 0.00 percent. At the same time, for all other Turkish producers and exporters, the subsidy margin has increased to 3.64 percent.
Meanwhile, according to market sources, the DOC will submit its final redetermination to the CIT by April 7, while the DOC’s original negative final determination remains in effect throughout the appeal process. There is no deadline by which the CIT must make a decision whether to accept the DOC’s final redetermination or to require the DOC to reconsider the issues which the CIT originally remanded to the DOC.