US Slaps Preliminary Antidumping Duties Determinations on Steel Wire Rod from Seven Countries | Global Trade Magazine
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  November 15th, 2017 | Written by

US Slaps Preliminary Antidumping Duties Determinations on Steel Wire Rod from Seven Countries

Products From Italy, South Korea, South Africa, Spain, Turkey, Ukraine, and the UK Targeted

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  • Commerce found that seven countries sold steel wire rod in the US at less than fair value.
  • CBP will collect deposits from importers of wire rod from seven countries based on preliminary rates.
  • Commerce is scheduled to announce its final AD determinations on wire rod on January 9, 2018.

US Secretary of Commerce Wilbur Ross has announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of carbon and alloy steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine and the United Kingdom, finding that producers/exporters in these countries have sold carbon and alloy steel wire rod in the United States at less than fair value.

In the Italy investigation, Commerce found that exporters dumped wire rod in the United States at margins of 22.06 percent. In the Korea investigation, Commerce found that exporters dumped wire rod in the United States at margins of 10.09 percent.

In the South Africa investigation, Commerce found that Scaw Metals Group and Consolidated Wire Industries dumped product in the United States at margins of 142.26 percent . All other producers/exporters in South Africa were assigned a rate of 135.46 percent.

In the Spain investigation, Commerce found that Global Steel Wire, CELSA Atlantic SA, and Compania Espanola de Laminacion dumped wire rod in the United States at margins of 20.25 percent while ArcelorMittal Espana S.A. dumped at a 32.64-percent rate. All other producers/exporters have been assigned a preliminary dumping rate of 20.25 percent.

In the Turkey investigation, Commerce found that Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.dumped wire rod in the United States at margins of 2.80 percent and Icdas Celik Enerji Tersane ve Ulasim Sanayi A.S. At 8.01 percent. All other producers/exporters in Turkey have been assigned a preliminary dumping rate of 5.41 percent.

In the Ukraine investigation, Commerce found that ArcelorMittal Steel Kryvyi Rih OJSC and Public Joint Stock Company (PJSC) Yenakiieve Steel dumped wire rod in the United States at margins of 44.03 percent. Duferco S.A. was preliminarily found to have no sales of subject merchandise during the period of investigation and Commerce preliminarily determined not to further examine Duferco as a part of this investigation. All other producers/exports in Ukraine have been assigned a preliminary dumping rate of 34.98 percent.

In the United Kingdom investigation, Commerce found that Longs Steel UK Limited dumped wire rod in the United States at margins of 147.63 percent while British Steel Limited and all others dumped at a 41.96-percent rate. Longs Steel failed to respond to the department’s antidumping duty questionnaire.

Commerce will instruct US Customs and Border Protection (CBP) to collect cash deposits from importers of wire rod from the countries in question based on these preliminary rates.

In 2016, imports of wire rod from Italy, Korea, South Africa, Spain, Turkey, Ukraine, and the United Kingdom were valued at an estimated $12.2 million, $45.6 million, $7.1 million, $40.7 million, $41.4 million, $55 million, and $20.5 million, respectively.

The petitions were filed on behalf of Gerdau Ameristeel US Inc. (FL), Nucor Corporation (NC), Keystone Consolidated Industries (TX), and Charter Steel (WI).

The Department of Commerce is currently scheduled to announce its final AD determinations on January 9, 2018.


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