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US ITC imposes anti dumping decision on wire rods from Italy, South Korea, Spain, Turkey and UK-2018
China(Guangzhou)Int’l Metal &Metallurgy Exhibition-metal exhibition
5/3/2018 金屬展-冶金展-鋼鐵展-steel expo-metal &metallurgy expo |
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The United States International Trade Commission (USITC) has determined that US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom that the US Department of Commerce (Commerce) has determined are sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey. As a result of the USITC’s affirmative determinations, Commerce will issue antidumping duty orders on imports of this product from Italy, Korea, Spain, Turkey, and the United Kingdom, and countervailing duty orders on imports of this product from Italy and Turkey.
The Commission also made a negative finding concerning critical circumstances with regard to imports of this product from Spain, Turkey, and the United Kingdom. As a result, imports of carbon and certain alloy steel wire rod from Spain and the United Kingdom will not be subject to retroactive antidumping duties, and imports of this product from Turkey will not be subject to retroactive countervailing duties.
Product Description: Certain hot-rolled products of carbon steel and alloy steel, in coils, of approximately round cross section, less than 19.00 mm in actual solid cross-sectional diameter. Wire rod is an intermediate good that is primarily used for subsequent drawing and finishing for wire drawers.
Status of Proceedings:
1. Type of investigation: Final phase antidumping duty and countervailing duty investigations.
2. Petitioners: Charter Steel, Saukville, WI; Gerdau Ameristeel US Inc., Tampa, FL; Keystone Consolidated Industries, Inc., Dallas, TX; Nucor Corporation, Charlotte, NC.
3. USITC Institution Date: March 28, 2017.
4. USITC Hearing Date: November 16, 2017.
5. USITC Vote Date: May 11, 2018.
6. USITC Notification to Commerce Date: May 1, 2018.
U.S. Industry in 2016:
1. Number of U.S. producers: 8.
2. Location of producers’ plants: Arizona, California, Colorado, Connecticut, Florida, Illinois, Nebraska, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Texas, and Wisconsin.
3. Production and related workers: 2,222.
4. U.S. producers’ U.S. shipments: $1.8 billion.[1]
5. Apparent U.S. consumption: $2.8 billion.1
6. Ratio of subject imports to apparent U.S. consumption: 10.5 percent.1
U.S. Imports in 2016:
1. Subject imports: $298 million.[2]
2. From Italy, Korea, Spain, Turkey, and the United Kingdom: $176 million.
3. From Belarus, Russia, South Africa, Ukraine, and the United Arab Emirates: $122 million.
4. Nonsubject imports: $703 million.
5. Leading import sources: Canada, Ukraine, Korea, Spain and Turkey.
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