US DOC finds dumping of imports of wire rod from South Africa and Ukraine
US Secretary of Commerce Wilbur Ross announced the affirmative final determinations in the antidumping duty (AD) investigations of imports of carbon and alloy steel wire rod (wire rod) from South Africa and Ukraine. He said “Today’s decision allows U.S. producers of carbon and alloy steel wire rod to receive relief from the market-distorting effects of foreign producers dumping their goods into the domestic market. While the United States values its relationship with South Africa and Ukraine even our closest friends must play by the rules.”
The Commerce Department determined that exporters from South Africa and Ukraine sold wire rod in the United States at 135.46 to 142.26 percent and 34.98 to 44.03 percent less than fair value, respectively.
As a result of today’s decisions, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of wire rod from South Africa, and Ukraine based on these final rates.
In 2016, imports of carbon and alloy steel wire rod from South Africa and Ukraine were valued at an estimated $7.1 million and $55 million, respectively.
The petitioners are Gerdau Ameristeel US Inc. (FL), Nucor Corporation (NC), Keystone Consolidated Industries (TX), and Charter Steel (WI).
With regard to next steps, if the U.S. International Trade Commission (ITC) makes affirmative final injury determinations, Commerce will issue AD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated and no orders will be issued.
Source : Strategic Research Institute, SteelGuru